JSW Steel - Business Outrank

JSW Steel has risen to the top as the most valuable steel company in the world in terms of market capitalization, leaving behind the likes of ArcelorMittal and Nippon Steel. The Indian steelmaker’s market value has risen to ₹2.6 lakh crore as of now, after the company’s shares have risen by 18% this year so far. JSW Steel also operates in the United States and Italy, along with its integrated steel plants in Vijayanagar, Dolvi, and Salem. The company is now the largest producer with a current capacity of 35.7 million tonnes (MT), with plans to increase this to 43.5 MT by FY28 and 51.5 MT by FY31. It produces flat and long steel products that are further used in automotive, construction and consumer durable sectors, making it a major force in the steel supply worldwide. The brokerage firm Investec has put a ‘buy’ recommendation on JSW Steel with the target price of ₹1,100 per share based on the company’s strong growth prospects and attractive return ratio. Only 20 of 35 analysts have recommended a ‘buy,’ five have given a ‘hold,’ and 10 have given a ‘sell’ recommendation. JSW Steel Limited currently is trading at ₹1,059.80, close to its 52-week high of ₹1,072. This makes the company’s robust expansion plan and market leadership in the industry to secure it as a global steel leader and grow in the next few years.

What's Hot

IMF Sounds Alarm Over Global Economy Amid Trump’s Tariff Shock

Ambuja Cement Secures 37.8% Stake in Orient Cement, Becomes New Promoter

Gold Price Hits Historic ₹1,01,600 as Festive Demand Soars in India

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: JSW Steel

JSW Steel Becomes the Most Valuable Steel Company Globally

IMF Sounds Alarm Over Global Economy Amid Trump’s Tariff Shock

Ambuja Cement Secures 37.8% Stake in Orient Cement, Becomes New Promoter

Gold Price Hits Historic ₹1,01,600 as Festive Demand Soars in India

Fixed Deposits Offering Up to 9% Returns Amid Changing Rate Trends

Our Picks

IMF Sounds Alarm Over Global Economy Amid Trump’s Tariff Shock

Ambuja Cement Secures 37.8% Stake in Orient Cement, Becomes New Promoter

Gold Price Hits Historic ₹1,01,600 as Festive Demand Soars in India

Most Popular

IMF Sounds Alarm Over Global Economy Amid Trump’s Tariff Shock

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: JSW Steel