AgenciesRelated
Kotak Securities has buy call on with a target price of Rs 750. The current market price of JSW Steel Ltd. is Rs 742.55. Time period given by analyst is Intra Day when JSW Steel Ltd. price can reach defined target. .
JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 176408.75 Crore) operating in Metals - Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 22006.00 Crore, up 13.34 % from last quarter Total Income of Rs 19416.00 Crore and up 21.03 % from last year same quarter Total Income of Rs 18182.00 Crore. Company reported net profit after tax of Rs 2674.00 Crore in latest quarter.
Investment Rationale
Bullish continuation chart pattern with higher high and higher low series supported by decent volume activity on the daily chart.
Promoter/FII Holdings
Promoters held 44.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.8 per cent, DIIs 6.8 per cent and public and others 35.3 per cent.
JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 176408.75 Crore) operating in Metals - Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 22006.00 Crore, up 13.34 % from last quarter Total Income of Rs 19416.00 Crore and up 21.03 % from last year same quarter Total Income of Rs 18182.00 Crore. Company reported net profit after tax of Rs 2674.00 Crore in latest quarter.
Investment Rationale
Bullish continuation chart pattern with higher high and higher low series supported by decent volume activity on the daily chart.
Promoter/FII Holdings
Promoters held 44.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.8 per cent, DIIs 6.8 per cent and public and others 35.3 per cent.
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