JSW Steel Limited (NSE:JSWSTEEL) has seen JFE Steel complete a second ₹7,875 crore tranche, bringing its stake investment to ₹15,750 crore for joint control of JSW JFE Kalinga Steel, while Nomura maintains a Buy, citing firm domestic HRC prices and better Q1 FY27 EBITDA/tonne after recent price hikes.
Previous Week Recap
- JFE, JSW JFE Kalinga Steel Stake Reached: JSW Steel: JFE Steel completed a second ₹7,875 crore tranche, raising total investment to ₹15,750 crore for a 50% stake in JSW JFE Kalinga Steel, creating joint control.
- Nomura Maintains Buy On JSW Steel: JSW Steel (JSWSTEEL): Nomura keeps Buy, cites firm domestic HRC prices and forecasts Q1 FY27 EBITDA/tonne improvement after price hikes in late FY26–early FY27.
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