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.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer
Member : BSE/ NSE/ MSEI. SEBI Registration No.-INZ000165135.
Above views are of the author and not of the website kindly read disclaimer