Positive on JSW Steel as prices firm up, imports abate: JPMorgan

JP Morgan has re-iterated its ‘Overweight’ rating on JSW Steel with a price target of Rs 1,500 in a note to investors citing possibility of marked improvement in FY17 EBITDA/tonne for large domestic players due to upward momentum in domestic steel prices and declining pressure from imports. “As such, JSW is well poised to see …

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