JSW Steel Ltd (JSWSTEEL)

JSW Steel's Consolidated Production Remains Flat in April - 11 May, 2024

JSW Steel reported consolidated crude steel production of 21.21 lakh tonnes (LT) in April, almost the same as last year. In India, the company produced 20.55 LT crude steel against 20.33 LT a year ago. JSW Steel USA - Ohio saw its production fall to 0.66 LT from 0.80 LT in the year-ago period.

JSW Group Announces Investment in Battery Localisation - 09 May, 2024

JSW Group has announced an investment of Rs 40,000 crore in Odisha to localise cells and batteries. The company plans to have the first set of localised cells ready by 2027 and is open to partnering with SAIC Motor for its electric-vehicle endeavour.

JSW Steel to Consider Long-Term Fundraising on May 17 - 08 May, 2024

JSW Steel's board of directors will consider long-term fundraising plans on May 17, along with Q4 results and potential dividend announcement. The company achieved its highest ever annual consolidated crude steel production in FY23 at 26.43 million tonnes, a 9% increase YoY. Shares were trading 0.54% higher at ₹862 apiece.

JSW Subsidiary Bids for PLI Scheme as Chinese EV Company Plans India Entry - 06 May, 2024

JSW Neo Energy has submitted technical bids for a production-linked incentive scheme while Chinese EV company Leapmotor is planning an India entry and budget electric cars launch, which could intensify competition in the green car space. Meanwhile, the Nifty Metal index has surged 43% over the past six months.

JSW Steel's P/E Ratio Lower Than Market Despite Strong Earnings Growth - 04 May, 2024

Despite superior earnings growth and a 22% EPS climb forecasted for the coming year, JSW Steel is trading at a lower P/E ratio than the market. Some shareholders are skeptical of forecasts and accepting lower selling prices.

JSW Group Offers to Acquire Stake in Australian Coal Mine - 29 Apr, 2024

JSW Group plans to invest in several sectors, including securing raw material supplies via acquisitions. SMC Global Securities recommends buying JSW Steel stock for a target of Rs 1040. However, JSW Steel and Tata Steel's per tonne EBITDA is expected to dip due to higher coking coal prices and falling steel prices.

Axis Securities Recommends Buying JSW Steel - 26 Apr, 2024

Rajesh Palviya of Axis Securities recommends buying, holding, and accumulating JSW Steel stock with an expected upside of 950-985. The stock is in a strong uptrend across all time frames, indicating a positive bias. It has also registered an all-time high at 909 levels, which reconfirms bullish sentiments.

JSW Neo Energy Bids for PLI; SAIL Valuation Lower Than Peers - 24 Apr, 2024

JSW Neo Energy is one of seven companies bidding for the government's Production Linked Incentive scheme for battery storage. Meanwhile, an analyst notes that SAIL's market capitalisation is significantly lower than peers Tata Steel and JSW due to its status as a PSU.

JSW Steel's Lenders in Talks for Refinancing Debt - 19 Apr, 2024

A consortium of eight lenders to JSW Steel are in talks to refinance nearly Rs 7,500-crore debt raised by the firm. Prabhudas Lilladher has a buy call on JSW Steel with a target price of Rs 1017.

JSW Group Joins Hands with SAIC for EVs - 17 Apr, 2024

JSW Group has become an investor and joint venture partner with China's SAIC in MG Motor India, planning to invest Rs 5,000 crore and sell one million units of passenger electric vehicles in India by 2030.

JSW Steel Falls Short of Investment Target; Q4 Net Profit Estimated at Rs. 45,630 Crore - 15 Apr, 2024

JSW Steel failed to meet its investment target for the fiscal year ending March 2024 due to delays in importing machinery from China and obtaining visas for Chinese experts. Prabhudas Lilladher estimated a Q4 net profit of Rs. 45,630 crore, down 56.4% YoY.