Preview: India's JSW Steel slips ahead of results

JSW Steel

23/01/2026 07:03

** Shares of India's JSW Steel JSTL.NS fall 0.92% to 1,173.5 rupees

** India's largest steelmaker by market capitalisation is expected to post nearly 8% rise in total revenue to 445.94 bln rupees ($4.87 bln) - data compiled by LSEG

** Revenues likely supported by healthy volume growth as steel prices remained weak mainly due to flat products' oversupply - ElaraCapital

** Domestic steel demand fell 4.5% y/y individually in October and November, but jumped ~10% y/y in December - HDFC Securities citing steel ministry data

** Co, on avg, rated "buy"; median TP 1,215 rupees - data compiled by LSEG

** Stock gained 29% in 2025, in line with Nifty Metal index .NIFTYMET

($1 = 91.6110 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))