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Brokerages on JSW Steel: Brokerages have largely raised their target prices for JSW Steel after its robust June quarter of financial year 2026 (Q1FY26) results, even as many continue to flag stretched valuations and potential challenges in the near term.
JSW Steel posted a 158 per cent year-on-year (Y-o-Y) jump in consolidated net profit at ₹2,184 crore for the June quarter, beating Bloomberg estimates of ₹2,095 crore. The earnings beat was driven by higher volumes, lower coking coal costs, and strong operational performance. Revenue rose marginally by 0.5 per cent Y-o-Y to ₹43,147 crore.
Nuvama Institutional
