Jswsteel Rating
MS ON JSW STEEL : 24.05.2021
* MAINTAIN OVERWEIGHT TARGET: 920(PREV TGT: 590)
* Morgan Stanley maintains OVERWEIGHT stance on JSW Steel, target bumped up to Rs 920/sh as the brokerage believes co is well positioned to deliver among the strongest volume growth
* Raise FY22e/23e EBIDTA By 17%/25%
* Well Positioned To Deliver Among The Strongest Volume Growth
* Despite New Capex Plans, Net Debt-to-EBITDA Should Be Well Under 1.5x
