India's JSW Steel shares hit record high after posting upbeat Q4 results

JSW Steel

15/05/2026 05:08

** JSW Steel JSTL.NS shares rise 1.3% to 1,314 rupees, hitting an all-time high after paring gains to be down 0.1%

** Co posts twofold rise in quarterly profit

** Revenue from operations climbs 14.2% to 511.8 billion rupees

** JSTL expects domestic steel demand to grow at 7-9% in FY27

** BOB Capital Markets raises TP on stock to 1,348 rupees from 1,307 rupees; says outlook remains positive, supported by

improving demand and pricing environment

** Emkay Global raises TP on stock to 1,400 rupees from 1,300 rupees; says expect JSTL earnings to strengthen over FY27-28E, supported by a favorable pricing environment aided by safeguard duty and 9% volume growth in FY27

** Eighteen of 31 brokerages rate the stock "buy" or higher; their median PT is 1,300 rupees

** YTD, stock up 11.3% vs 9.3% decline in Nifty 50 Index .NSEI

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))