10 stories mentioning NSE:JSWSTEEL
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JSW Steel (NSE:JSWSTEEL, BOM:500228) has an average rating of overweight and mean price target of 1,361.28 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Indian benchmark indices closed slightly higher on Monday after a late-session recovery led by strong gains in technology stocks.The BSE Sensex rose 77.05 points, or 0.1%, to close at 75,315.04, while the NSE Nifty 50 added 6.45 points, or 0.03%, to settle at 23,649.95.Market sentiment remained cautious as the Indian rupee weakened to another record low of 96.39 against the U.S. dollar. Elevated crude oil prices and continuing uncertainty surrounding the Middle East conflict also kept investors on edge.In corporate developments, JSW Energy (NSE:JSWENERGY, BOM:533148) gained nearly 3% after the company sold 25 million shares of JSW Steel (NSE:JSWSTEEL, BOM:500228) for 31.5 billion rupees through a bulk deal on the National Stock Exchange.Zydus Wellness (NSE:ZYDUSWELL, BOM:531335) fell over 1% after fiscal fourth-quarter consolidated net profit declined to 1.62 billion rupees from 1.72 billion rupees a year earlier. Earnings per share slipped to 5.09 rupees, while revenue from operations increased to 14.8 billion rupees from 9.13 billion rupees.
JSW Energy (NSE:JSWENERGY, BOM:533148) has sold 25 million equity shares of face value 1 rupee each of JSW Steel (NSE:JSWSTEEL, BOM:500228) for 31.5 billion Indian rupees, according to a Monday filing to the Indian stock exchanges.The transaction was conducted as a bulk deal on the National Stock Exchange of India on Monday, as part of a strategic liquidity release, the company said.Following the share sale, the company's balance holding is around 45 million equity shares of JSW Steel."The monetisation of a part of the shareholding in JSW Steel Limited not only releases capital for pursuing the company's growth strategy but also improves return on capital employed for the company," JSW Energy said.
JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a sharp increase in attributable consolidated profit to 163.7 billion Indian rupees in fiscal fourth quarter ended March 31, from 15.0 billion rupees a year earlier, according to a Thursday filing on the local bourses.Earnings per share jumped to 66.94 rupees compared with 6.14 rupees in the same quarter last year.Total revenue from operations in fiscal Q4 jumped to 511.8 billion rupees from 448.2 billion rupees a year ago.
A weaker yen has done little to slow overseas investment by Japanese companies and households, as low domestic interest rates and limited growth prospects at home continue to push capital abroad, Nikkei reported Wednesday.Net foreign direct investment by Japanese companies reached 33 trillion yen in 2025, doubling over the past decade and surpassing the previous annual record as businesses expanded in faster-growing markets overseas, according to the report.Sumitomo Forestry (TYO:1911) in February agreed to acquire US homebuilder Tri Pointe Homes for $4.2 billion, with President Toshiro Mitsuyoshi citing growth opportunities in the US and Australia amid shrinking demand in Japan, the report said.Japanese manufacturers and industrial groups are also increasing overseas spending despite the weaker yen raising acquisition costs. JFE Holdings (TYO:5411) unit JFE Steel last year agreed to invest about 270 billion yen in a unit of India's JSW Steel (BOM:500228, NSE:JSWSTEEL), according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Indian benchmark indices extended losses on Tuesday as selling pressure deepened across sectors amid concerns over a prolonged oil shock and weak global cues.The BSE Sensex fell 1,456.04 points, or 1.9%, to close at 74,559.24, while the NSE Nifty 50 dropped 436.30 points, or 1.8%, to settle at 23,379.55.Markets saw sharp pressure as technology stocks weakened and the rupee slipped to fresh lows, adding to already fragile sentiment. Investors also stayed cautious amid uncertainty around the U.S.-Iran conflict, while expectations of prolonged disruption in crude supply kept energy-related risks elevated.Rising Brent oil prices and discussions around domestic austerity measures further weighed on risk appetite.In corporate developments, Dynamic Cables (NSE:DYCL, BOM:540795) reported a rise in fiscal Q4 profit to 241.7 million rupees from 235.6 million rupees a year earlier.JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a 1% year-on-year decline in April crude steel production to 2.12 million tons, impacted by a planned shutdown at its Vijayanagar plant for expansion work.
JSW Steel's (NSE:JSWSTEEL, BOM:500228) 1% year-on-year decline in consolidated crude steel production to 2.12 million tons in April from 2.14 million tons a year ago, according to a Tuesday filing on Indian exchanges.Production was impacted by the ongoing shutdown of Blast Furnace-3 at the Vijayanagar plant for capacity expansion, it said.Crude steel output from Indian operations was down 1% year-on-year to about 2.04 million tons, the company said in the filing.Excluding BF3 production from last year's base, year-on-year volumes grew 10%, driven by the full ramp-up of the operations of its subsidiary JSW Vijayanagar Metallics.Output at the company's Ohio facility in the U.S. declined 7% year-on-year to 78,000 tons.The capacity utilization for Indian operations for the month, excluding the BF3 capacity, was at 94%, and including BF3 capacity was at 83%.The company's shares were down nearly 1% in recent trade.
The minerals and metals business vertical of Larsen & Toubro (NSE:LT, BOM:500510) has secured its largest-ever "mega" order in the domestic metals sector, valued between 100 billion Indian rupees and 150 billion rupees, from JSW Steel (NSE:JSWSTEEL, BOM:500228).Under the contract, the company will provide comprehensive engineering, procurement, and installation of critical process facilities, including blast furnaces and steel melt shops, across various JSW Steel sites in India, mainly at Ballari in Karnataka and Paradip in Odisha.This is part of JSW Steel's expansion of its crude steel processing capacity from 35 million tons per annum (MTPA) to over 50 MTPA by 2031.The company's shares were up over 3% in recent trade.
JSW Steel (NSE:JSWSTEEL, BOM:500228) approved a share subscription and joint venture agreement with South Korea's POSCO Group, under which its wholly owned subsidiary Saffron Resources will become a 50:50 joint venture, according to a Friday filing on Indian bourses.Shares of the company rose over 1% in Monday's trade.The proposed joint venture plans to set up a greenfield 6 million tons per annum (MTPA) integrated steel plant in Odisha, India. The plant is expected to be built on about 887 acres of land held by Saffron, the filing said.POSCO Group will subscribe to Saffron shares for about 5.09 billion Indian rupees, subject to adjustments, according to the filing. The deal is expected to complete by Dec. 31.