India's JSW Steel extends gains after Q1 profit beat; CLSA upgrades on growth outlook
BUZZ-India's JSW Steel extends gains after Q1 profit beat; CLSA upgrades on growth outlook ** JSW Steel's shares JSTL.NS up 3% so far since Q1 profit beat views on Friday; rise as much as 2.27% on day
** CLSA upgrades to "outperform" from "hold", raises PT to 1,400 rupees from 1,270 rupees, implying 13% upside
** Brokerage cites strong medium-term growth pipeline, improving H2 FY27 outlook; hikes FY27-FY29 EPS estimates by 11%-19%
** Motilal Oswal (reiterates "buy", PT 1,470 rupees): JSTL's earnings outlook remains bright; notes commissioning and ramp-up of new capacities, robust domestic steel demand as key positives
** Average rating of 34 analysts tracking JSTL is "buy"; PT is 1,390 rupees - data compiled by LSEG
** JSTL up 8% in 2026 so far vs 12.5% rise in metal index .NIFTYMET
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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