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Tuesday, 08 Sep 20261 update
↗ AI sentiment: Bullish
86% confidence
Steel Prices Surge to 4-Year High; SAIL Gains 26%, Tata Steel Up 2%
Steel prices hit a 4-year high; HRC at ₹62,000/tonne, rebar at ₹57,000/tonne due to strong demand and supply constraints.
SAIL gained 26%, JSW Steel 11%, Jindal Steel 7%; Tata Steel up 2% due to compliance issues in Netherlands operations.
Source: Livemint
Monday, 07 Sep 20262 updates
↔ AI sentiment: Neutral
77% confidence
Nomura Keeps 'Buy' on Jindal Steel, Targets ₹1,300
Nomura maintains Buy on Jindal Steel, sets target price at ₹1,300.
Domestic steel price hikes expected to offset cost inflation, aiding positive outlook.
Source: Livesquawk
↗ AI sentiment: Bullish
61% confidence
Jindal Steel: Nomura on Jindal Steel Buy, Target Price ₹1,300, as implemented domestic steel price hikes should more than offset cost inflation and support the positive India-steel outlook.
Friday, 28 Aug 20263 updates
↗ AI sentiment: Bullish
63% confidence
Jindal Steel Rallies on Target Hikes, Steel Price Recovery
Jindal Steel shares surge as analysts raise targets amid long steel price recovery.
Source: ScoutQuest
↔ AI sentiment: Neutral
82% confidence
Kotak: Buy JSPL, Sets ₹1,350 Target
Kotak Institutional Equities recommends Buy on JSPL with a target price of ₹1,350.
JSPL's 12% steel price recovery, expansions, and 31% EBITDA CAGR boost outlook.
Source: Livesquawk
↗ AI sentiment: Bullish
77% confidence
Kotak Institutional Equities Recommends Buy On JSPL With Target Price Of ₹1,350, Citing 12% Monthly Recovery In Long-Steel Prices. The Company's 50% Long-Steel Mix, Completed Expansions, Increased Volumes, And Cost Savings Are Expected To Generate 17% Volume Growth And 31% EBITDA CAGR From FY26 To FY29.
Welspun Corp led Nifty Metal in August, rising 40%, followed by APL Apollo Tubes (+19.4%) and Hindustan Zinc (+16.2%).
Emkay retained Buy ratings on Tata Steel, Jindal Steel, and SAIL, citing resilient steel prices and strong demand.
Source: CNBC TV 18
Tuesday, 25 Aug 20261 update
↘ AI sentiment: Bearish
89% confidence
West Asia Crisis Doubles Freight Costs, Hits Indian Steel Competitiveness
West Asia crisis doubled freight costs, impacting competitiveness of Indian steel firms, says Jindal Steel MD.
Jindal Steel's MD, V R Sharma, highlights severe cost challenges due to ongoing crisis.
Source: Business Standard