The stock is currently trading mixed; the price is below its 50-day Simple Moving Average (SMA) of 1,160.10, indicating short-term pressure, but remains comfortably above its long-term 200-day SMA of 1,057.90.
JSW Steel has agreed to sell 50 per cent stake in BPSL to JFE Steel for Rs 15,700 crore in cash, payable in two equal tranches.
JSW Steel shares crashed 4.97% to a low of Rs 1,104 in the afternoon session today against the previous close of Rs 1161.75. Market cap of the firm slipped to Rs 2.79 lakh crore.
The brokerage values Jindal Steel at Rs 1,150. It sees JSW Steel at Rs 1,300. The foreign brokerage has a target price of Rs 215 on the Tata group's Tata Steel.
An analyst from Master Capital Services said that Asian Paints has given a strong breakout from falling trendline resistance, backed by robust volume, indicating renewed buying interest.
JSW Steel, InCred said, trades at an unjustifiable 4 times FY26F book value, far exceeding any reasonable metric for a cyclical business.
Crude steel production for Indian operations rose 16% YoY & 9% QoQ to 7.66 million tonne.
JSW Steel rose 1.56 per cent to hit a high of Rs 1,167. The scrip was later tarding flat at Rs 1,146.85. There were earlier concerns that JSW Steel would be forced to write off its Rs 19,700 crore investment in BPSL.
For Jindal Steel, Nuvama raised its target price to Rs 1,150, rolling forward valuations to FY28 and increasing the target one-year EV/Ebitda multiple to 7 times.
JSW Steel stock rose nearly 1.55% to a fresh high of Rs 1,118 in the afternoon session on Tuesday against the previous close of Rs 1,100 on BSE.
In cases of Wipro and TCS, MF holding in terms of number of shares held increased 1.9 per cent and 1.6 per cent, respectively, month-on-month (MoM). TCS is a consensus buy based on 44 analyst recommendations.





