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Buy JSW Steel, target price Rs 180: Edelweiss

The analyst suggested a stoploss at Rs 145 .

ETMarkets.com|
Last Updated: Apr 08, 2020, 08.51 AM IST
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Edelweiss Financial Services has a buy call on JSW Steel Ltd. with a target price of Rs 180.0 . The current price of JSW Steel Ltd. is Rs 158.25 Time period given by the analyst is Intra Day when JSW Steel Ltd. price can reach defined target. . Edelweiss Financial Services recommended to keep a stoploss at Rs 145.

JSW Steel Ltd., incorporated in 1994, has a market cap of Rs 38252.51 crore.

JSW Steel's key products/revenue segments include Hot Rolled Coils/Plates/Sheets which contributed Rs 39316.00 crore to sales value (51.24 per cent of total sales); Rolled Product which contributed Rs 16762.00 crore to sales value (21.84 per cent of total sales); Coils (Cold Rolled) which contributed Rs 10603.00 crore to sales value (13.81 per cent of total sales); Others which contributed Rs 2560.00 crore to sales value (3.33 per cent of total sales); Coils & Sheets (Galvanised) which contributed Rs 2527.00 crore to sales value (3.29 per cent of total sales); Other Operating Revenue which contributed Rs 1958.00 crore to sales value (2.55 per cent of total sales); Billets & Blooms which contributed Rs 1728.00 crore to sales value (2.25 per cent of total sales); M S/S S Slabs which contributed Rs 1273.00 crore to sales value (1.65 per cent of total sales)for the year ending March 31, 2019.

For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 17666.00 crore, up 2.69 per cent from last quarter sales of Rs 17203.00 crore and down -10.87 per cent from last year same quarter sales of Rs 19821.00 crore Company has reported net profit after tax of Rs 214 crore in the latest quarter.
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