Buy JSW Steel, target price Rs 1140: ICICI Securities

ICICI Securities has buy call on JSW Steel with a target price of Rs 1140. The current market price of JSW Steel Ltd. is Rs 957.05.

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 234213.35 Crore) operating in Metals - Ferrous sector.

JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Iron Ore, Others, Billets & Blooms, Other Operating Revenue, Color Coated Coil/Sheets, M S/S S Slabs for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 43107.00 Crore, down -7.32 % from last quarter Total Income of Rs 46511.00 Crore and up 1.32 % from last year same quarter Total Income of Rs 42544.00 Crore. Company has reported net profit after tax of Rs 879.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 44.81 per cent stake in the company as of 30-Jun-2024, while FIIs owned 25.52 per cent, DIIs 10.46 per cent.