Published on 9/09/2020 10:50:04 AM | Source: Sushil Finance Ltd

Update On JSW Steel Ltd By Sushil Finance

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We had initiated coverage on JSW Steel Ltd. with a Buy rating on July 27, 2020 at Rs.205. Since our initiating report, the stock has achieved our target price of Rs.269.

Today, the stock made a high of Rs. 271 yielding an upside of ~32% from our initial recommendation and closed at Rs.270.

With the recent run-up in the share price, our Target Price for the stock is achieved; hence, we now recommend our investors to book profits at the current price and we change our rating to Neutral.


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