JSW Steel shares: The steel-maker's stock continued its upward trajectory even as the broader market witnessed a sharp decline on Friday. So far this year, shares of JSW Steel have surged by nearly 10% on the national stock exchange.
This comes at a time when Trump has threatened to impose double-digit tariffs of 25% on steel and aluminium imports. The implementation process of these tariffs is expected to start next month, March 12. While India's steel industry continues to face major headwinds, largely due to foreign imports at cheaper rates, experts and industry players are not expecting a big impact due to Trump Tariffs.
At 1:25 pm, the shares of the steel maker were trading at Rs 984.25 price level, up by just 3 points or 0.32% on the NSE.
JSW Steel's Q3 performance remained muted as PAT (profit after tax) dropped over 70% to Rs 719 crore. Revenue from operations also plunged over a percent to Rs 41,378 as compared to Rs 41,940 crore in the corresponding quarter of the previous year. Even as short-term hurdles remain well-present, analysts are positive on the long-term outlook.
JSW Steel Price Trajectory
On an annual basis, the shares of JSW Steel have surged by over 18% on the bourses. The stock is down by nearly 6% from its 52-week-high price level of Rs 1,063.
"In terms of key input costs, the company will see some relief in iron ore costs in 4QFY25, as NMDC has reduced prices by Rs 300 per tonne in Jan’25. As demand from steel players remains soft, we expect prices to either sustain or decline further in the near term," Motilal Oswal said in its report.
Analysts believe that the company has implemented a strong cost-reduction strategy to improve profitability by optimising raw material sourcing, enhancing logistics efficiency, and improving operational performance.
Motilal Oswal is also expecting near-term margins to remain muted alongside a double-digit revenue growth in FY26E driven by the ramp-up of new capacity and price recovery. The brokerage firm has maintained its Buy rating on the stock with a target price of Rs 1,150.
