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Sell JSW Steel, target price Rs 670: Nuvama Wealth brokerage

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Update time : 2023-02-13 17:43:58

Nuvama Wealth brokerage has sell call on JSW Steel NSE 0.03 % with a target price of Rs 670. The current market price of JSW Steel is Rs 724.85. Nuvama Wealth brokerage recommended to keep stop loss at Rs 746.

Promoters held 45.19 per cent stake in the company as of 31-Dec-2022, while Fils owned 26.04 per cent, DIls 9.34 per cent. JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 174958.42 Crore) operating in Metals - Ferrous sector.

JSW Steel key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Iron Ore, Billets & Blooms, Others, Other Operating Revenue, M S/S S Slabs for the year ending 31-Mar-2022. Financials

For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 41966.00 Crore, up 9.64% from last quarter Total Income of Rs 38275.00 Crore and up 25.46 % from last year same quarter Total Income of Rs 33449.00 Crore. Company has reported net profit after tax of Rs - 859.00

Crore in latest quarter. #BUDGET WITH ET

The company's top management includes Mrs. Savitri Devi Jindal, Mr. Hiroyuki Ogawa, Ms. Fiona Jane Mary Paulus, Mrs. Nirupama Rao, Mr. Harsh Charandas Mariwala, Mr. Haigreve Khaitan, Dr.(Mrs.)Punita Kumar Sinha, Mr.Seturaman Mahalingam, Mr.Jayant Acharya, Mr. M V S Seshagiri Rao, Mr. Sajjan Jindal, Dr.M R Ravi. Company has S R B C & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 242 Crore shares outstanding.

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