Markets

Sell JSW Steel, target Rs 315: Nooresh Merani

Independent analyst Nooresh Merani has a sell call on JSW Steel Ltd. with a target price of Rs 315.0 . The current market price of JSW Steel Ltd. is Rs 328.4. Time period given by the analyst is Intra Day when JSW Steel Ltd. price can reach the defined target. Nooresh Merani recommended to keep stoploss at Rs 334. JSW Steel Ltd., incorporated in 1994, is a largecap company with a market cap of Rs 79381.52 crore.
JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets which contributed Rs 29903.01 Crore to Sales Value (52.54 % of Total Sales), Rolled Product which contributed Rs 10709.37 Crore to Sales Value (18.81 % of Total Sales), Coils (Cold Rolled) which contributed Rs 8231.56 Crore to Sales Value (14.46 % of Total Sales), Others which contributed Rs 3236.01 Crore to Sales Value (5.68 % of Total Sales), Coils & Sheets (Galvanised) which contributed Rs 2054.47 Crore to Sales Value (3.60 % of Total Sales), Billets & Blooms which contributed Rs 1488.88 Crore to Sales Value (2.61 % of Total Sales), Other Operating Revenue which contributed Rs 669.28 Crore to Sales Value (1.17 % of Total Sales), M S/S S Slabs which contributed Rs 620.67 Crore to Sales Value (1.09 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 20891.00 Crore, up 4.72 % from last quarter Sales of Rs 19950.00 Crore and up 25.56 % from last year same quarter Sales of Rs 16638.00 Crore Company has reported net profit after tax of Rs 2089.00 Crore in latest quarter. The companys top management includes Dr.Vinod Nowal, Dr.(Mrs.)Punita Kumar Sinha, Mr.Haigreve Khaitan, Mr.Hiroyuki Ogawa, Mr.Jayant Acharya, Mr.M V S Seshagiri Rao, Mr.Malay Mukherjee, Mr.N Jayaram, Mr.Sajjan Jindal, Mr.Seturaman Mahalingam, Mrs.Savitri Devi Jindal. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2018, the company has a total of 2,417,220,440 shares outstanding.

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