Sell JSW Steel, target price Rs 389: ICICI Direct

ICICI Direct has sell call on JSW Steel with a target price of Rs 389. The current market price of JSW Steel Ltd. is Rs 402.85.

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 96507.53 Crore) operating in Metals - Ferrous sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 22006.00 Crore, up 13.34 % from last quarter Total Income of Rs 19416 Crore and up 21.03 % from last year same quarter Total Income of Rs 18182 Crore. Company reported net profit after tax of Rs 2674.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 44.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.8 per cent, DIIs 6.8 per cent and public and others 35.3 per cent.