Indian steel stocks rise after CLSA raises target prices

JSW Steel

25/02/2026 06:53

** CLSA raises target prices for steelmakers by 7%–30% as recent surge in steel prices boosts outlook

** Shares of Jindal Steel JINT.NS rise 2.41% to 1262.40 rupees, JSW Steel JSTL.NS up 2.11% to 1281.80 rupees and Tata Steel TISC.NS gains 3.45% to 215.99 rupees

** Brokerage says gains in domestic steel prices are improving margins and earnings visibility

** Upgrades JSW Steel to "hold" from "underperform"; maintains "outperform" on Jindal Steel, "hold" on Tata Steel

** Says higher steel prices support valuation multiples and improve earnings visibility

** YTD, JINT gains 17%, JSTL up 7.7% and TISC rises 16.1%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))