JSW Steel has become the world's largest most valuable steel firm in terms of market capitalization, ahead of industry behemoths ArcelorMittal and Nippon Steel.
Its shares have increased a staggering 18% so far this year, driving its market capitalization to ₹2.6 lakh crore.
The steel behemoth is having integrated plants in Vijayanagar, Dolvi, and Salem and international operations in the United States and Italy. The company presently has 35.7 million tonnes (MT) of manufacturing capacity, and it plans to increase it to 43.5 MT by FY28 and to 51.5 MT by FY31.
JSW Steel's product range extends to flat and long steel products, serving strategic sectors like automotive, construction, and consumer durables.
On the other hand, brokerage house Investec has recommended a "buy" for JSW Steel with a price target of ₹1,100 a share, citing robust growth prospects and a compelling return ratio profile.
Out of the 35 analysts who follow JSW Steel, 20 have a "buy" rating on it, five rate it as "hold," and 10 have "sell" on it.
JSW Steel's stock is currently at ₹1,059.80, which is close to its 52-week high of ₹1,072. As the group leader, JSW Group continues to invest in growth and expanding its global footprint.
Read also| India's Electronics Exports on Track to Exceed ₹3 Lakh Crore This Fiscal
Read also| PLI Scheme for Specialty Steel Secures ₹17,000 Crore in Investment Commitments
