State Bank of India, Asian Paints, HCL Technologies, Kotak Mahindra Bank and Bajaj Auto were among the major Nifty losers. The gainers included Hindalco Industries, Nestle India, Bharti Airtel, Maruti Suzuki and JSW Steel.

Taking Stock | Market snaps 2-day winning streak; Sensex down 289 points, Nifty below 17,100

JSW Steel shares were trading lower than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

JSW Steel shares shed multibagger tag; time to buy, sell or hold?

Global prices of steel have been on the rise in recent weeks on expectations of higher demand from China as the country eased its strict Covid-19 curbs. Indian steel mills also hiked prices in tandem, reaching around ₹61,000-62,000 per tonne for benchmark hot-rolled coils of steel. The domestic pric…

Steel prices may soften on lower China demand: JSW Steel joint MD Seshagiri Rao

businessline caught up with Seshagiri Rao, Joint Managing Director, JSW Steel to ascertain the market condition. Here are edited excerpts of the interview

‘Domestic steel demand buoyant, to absorb extra supply even if exports fall’

Hindalco Industries, Tata Steel, JSW Steel, IndusInd Bank and Bharti Airtel were among the biggest losers on Nifty, while gainers included BPCL, Nestle India, Asian Paints, HUL and Titan Company

Taking Stock | Market ekes out gains amid volatility; metals drag, realty up

JSW Steel expects the new mine to become operational in 2-3 years

JSW Steel plans to invest ₹2,000 crore in virgin coking coal mine in Jharkhand

The selling seen in the metal stocks is on the back of a fall in global base metal prices.

Nifty Metal tanks 3% on fall in global base metal prices; Hindalco, JSW Steel, Tata Steel top losers

Brokerage and research firm BOBCaps said it prefers Tata Steel with a target price of Rs 140. The brokerage has Buy rating on Tata Steel.

Tata Steel, Jindal Steel, JSW Steel: Which metal stock can deliver better returns in the long term?

Motilal Oswal Financial Services has maintained its ‘neutral’ rating on JSW Steel stock with a target price of Rs 710.

JSW Steel is adding capacity at right time to ride strong demand, says Motilal Oswal

Motilal Oswal recommended Neutral rating on JSW Steel with a target price of Rs 710 in its research report dated March 13, 2023.

Neutral JSW Steel; target of Rs 710: Motilal Oswal

JSW Steel on Friday (10 March 2023) announced that its wholly owned subsidiary, JSW Steel Coated Products (JSWSCPL), has acquired 31% stake in Ayena Innovations.

JSW Steel arm acquires 31% stake in Ayena Innovations

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

JSW Steel Limited is a holding company engaged in the business of production and distribution of iron and steel products.

JSW Steel Ltd