41.00 1.85 (4.73%)
10,252 Volume
BSEJan 21, 2021 02:26 PM
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Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2018-02-05 | Jeevan Scientific Te.. + | HDFC Securities | 44.70 | 44.70 (-8.28%) | Neutral | JSW Steel (3QFY18): Well set, but expensive. Maintain NEUTRAL
HDFC Securities
Our NEUTRAL stance is premised on adequate valuations, more than any concerns on fundamental goodness of the business. JSW Steel (JSTL) reported a strong 3QFY18, beating our EBITDA/t estimate of Rs 7,920 handsomely at Rs 9,000 (27.2/20.5% YoY/QoQ), driven by stronger realisations (Rs 41,055/t, 30.9/8.6% YoY/QoQ). Volumes remained strong (3.97 mT, 3.4% YoY) as JSTL increased exports to 30% (from 26% in 2QFY18).
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