Kotak Inst Eqt on JSPL
Buy, TP Raised to Rs 1350
Co is best placed to benefit from ongoing recovery in long steel prices (+12% in one month), with 50% of volume mix—highest among peers
Co is moving from build phase to harvest phase, as all its ongoing expansion projects are nearing completion.
Volume ramp-up and cost reduction from various growth projects should drive industry-leading volume/EBITDA CAGR of 17%/31% over FY2026-29E.
August 28, 2026 58
