JSW Cement rises as Motital Oswal starts coverage with 'neutral'

JSW Cement

19/08/2025 07:55

** Shares of JSW Cement JSWC.NS rise 4% to 156 rupees after Motilal Oswal initiates with "neutral" at PT of 163 rupees, says stock "fairly priced"

** Brokerage expects revenue to grow at a compounded rate of ~19% over FY25-28, driven by higher sales volume and pricing improvement; sees profit of 3 bln rupees in FY26

** JSWC leads production of ground granulated blast furnace slag (GGBS), which replaces cement in concrete and is made from leftover slag at JSW group's steel plants

** GGBS is more profitable than grey cement made by competitors, and is helping JSWC expand its market presence - Motilal

** Adds, use of IPO proceeds to expand into north India will reduce co's revenue dependency and capacity share on south India to 41% in FY28 from 53% in FY25

** JSWC up 6.8% since it listed on August 14

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))