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Motilal Oswal has buy call on JSW Steel with a target price of Rs 816.0. The current market price of JSW Steel is Rs 676.8.
JSW Steel Ltd, incorporated in the year 1994, is a Large Cap company with a market cap of Rs 167875.96 Crore, operating in Metals - Ferrous sector.
JSW Steel's key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Others, Coils & Sheets (Galvanised), Other Operating Revenue, Billets & Blooms, M S/S S Slabs for the year ending 31-Mar-2020.
Investment Rationale
Motilal Oswal said strong project pipeline to drive growth for the company. Motilal said, it likes JSW Steel given its strong project pipeline and cost reduction initiatives, which should support margin. Over FY21-23E, Motilal expects the above industry's 17 per cent volume CAGR, driven by the Dolvi expansion.