On the bourses JSW Steel share price rallied up to 4.01 per cent to an intraday high of ₹1,216.30 per share, nearing its 52-week high of ₹1,223.75.
Stocks to Watch today: Axis Bank, UltraTech Cement, IndusInd Bank, BPCL, Pine Labs, JSW Steel and PVR Inox are among the stocks to watch today, January 27, 2026
JSW Steel bets on India's demand story, plans over ₹2 trillion capex and 56 mt capacity by FY31 amid global trade barriers and price volatility
JSW Steel's Q3FY26 net profit jumped nearly three-fold to ₹2,139 crore, driven by a one-time tax gain from the Bhushan Power-JFE Steel joint venture
JSW Steel's Q3 crude steel production stood at 7.48 million tonnes, while saleable steel sales hit a record quarterly high of 7.64 million tonnes
Stocks to watch today, January 23, 2026: Tanla Platforms, GSPL, Sona BLW, Adani Gas and India Cements are among other top stocks to track today.
India's steel sector is set to outperform globally, driven by strong domestic demand, safeguard duties and capacity expansion. Motilal Oswal picks JSW Steel, Tata Steel
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
JSW Steel on Friday posted a 6 per cent year-on-year rise in consolidated steel output to 7.48 million tonne (MT) in the December quarter. It had produced 7.03 million tonne (MT) crude steel in the October-December period of the preceding 2024-25 fiscal year from India and the US operations, JSW Steel said in an exchange filing. Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgrade of capacity from end of September 2025 and is expected to be commissioned by end of Q4 FY26. Consequently, this affected the capacity utilisation at Indian operations for Q3, FY26. The capacity utilisation for Indian operations for the quarter, excluding blast furnace (BF3) capacity, was at 93 per cent and including BF3 capacity was at 85 per cent.
However, in the past one month, the Nifty Metal index has rallied 10 per cent, as against 0.17 per cent rise in the Nifty 50.
The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case
Antique said it prefers steel companies with strong market presence, higher raw material integration, low leverage and greater exposure to the domestic market
Jindal Steel plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, aimed at addressing the growing demand for heavy and ultra-heavy structural steel sections.
Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.
Decisive close below 50 DEMA would result into positional bullish trend violation in Nifty. On the upside, a level above 26,100-26,150 band would bring back the bullish momentum in the Nifty
At 09:55 AM; Nifty Metal index, the top gainer among sectoral indices on Monday, was up 1.5 per cent, as compared to 0.08 per cent rise in the Nifty 50.
In general, a bearish engulfing candlestick pattern is considered as a bearish sign, as the latest candle completely overshadows the preceding day's price action on the charts.
Sajjan Jindal-led JSW Steel on Tuesday said its consolidated crude steel production rose 5 per cent to 24.39 lakh tonnes in November. The growth underscores the company's continued expansion and resilience in the competitive steel industry, strengthening its position as a key player in the country's infrastructure sector. The company's crude steel output was 23.23 lakh tonnes in the corresponding month of the previous fiscal, JSW Steel said in a filing to BSE. The production of its Indian operations also increased 5 per cent to 23.61 lakh tonnes during the month. The company said capacity utilisation at its Indian operations stood at 84 per cent, lower due to the shutdown of a blast furnace at its Vijayanagar facility for capacity upgradation. JSW Steel is the flagship business of the diversified USD 23 billion JSW Group. As one of the country's leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence,
Emkay Global Financial Services values BPSL at ₹53,000 crore or 11.8x on FY27E, with EV/Ebitda, well above its prior internal estimate of ₹40,500 crore
The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement