ICICI Securities has a buy call on Tata Steel and Jindal Steel. It has a hold call on JSW Steel and SAIL.
Nomura expects JSW Steel standalone and Tata Steel standalone to report around Rs 1,900 to Rs 2,000 per tonne sequential decline in realisations.
Antique maintained 'Buy' ratings on Tata Steel with a target price of Rs 199 and Jindal Steel with a target price of Rs 1,171, while retaining 'Hold' on SAIL with a target of Rs 129 and JSW Steel with a target of Rs 942.
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.
Iran Crisis Hits Rice Prices: ₹2,000 Crore Of Indian Export Payments At Risk
Union Budget 2026: After Tax Cuts, What Next? Decoding Budget Expectations
Q3 Earnings: Is The Six-Quarter Weakness Finally Ending?
AI Deals, Margins & Growth: Decoding HCLTech And TCS Q3 Results




