Motilal Oswal has reiterated its BUY rating on JSW Steel (JSTL), setting a target price of Rs 1,150, implying an 18% upside from the current market price of Rs 977.
JSW Steel, one of India’s leading steel producers, has shown strong momentum in the stock market. On October 3, 2024, it opened at Rs 1,028.00 and reached an intraday high of Rs 1,060.