Investec maintains Buy on JSW Steel with ₹1,525 target; highlights BPSL monetisation, strong FY27-28 OCF/FCF.
Key factors include 6MT JV with POSCO, Utkal expansion, and 18MT+ brownfield optionality supporting RoCE.
Livesquawk •
Jefferies maintains Buy on JSW Energy with ₹660 target due to PPA tie-up for 515 MW and reduced merchant exposure to 8%.
2.3x capacity expansion by FY25-30, better EBITDA predictability, and improving net debt-to-EBITDA enhance financial stability.