JSW Steel stock: J.P. Morgan keeps INR 1,560.00 target for JSW Steel stock
Published on 10/19/2026 at 15:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and valuation
- J.P. Morgan analyst Vibhav Zutshi maintained a Buy rating and an INR 1,560.00 target on October 6, 2026.
- JSW Steel reported INR 466.62 billion in first-quarter revenue and INR 46.51 billion in net profit for fiscal 2027.
- JSW Steel stock last stood at INR 1,241.30 on October 19, 2026 at 3:29 p.m. IST, up 2.06 percent from the previous NSE close.
- JSW Steel had a price-to-earnings ratio of 12.25 and a market capitalization of INR 3.0 trillion as of October 19, 2026.
J.P. Morgan analyst Vibhav Zutshi maintained a Buy rating on JSW Steel (ISIN INE019A01038) and set an INR 1,560.00 price target on October 6, 2026, according to Markets Insider. The target is 25.67 percent above the NSE price of INR 1,241.30. JSW Steel last traded at INR 1,241.30 on October 19, 2026 at 3:29 p.m. IST on the NSE, up 2.06 percent from the previous NSE close.
First-quarter figures and growth
JSW Steel reported INR 466.62 billion in revenue and INR 46.51 billion in net profit for the first quarter of fiscal 2027. Markets Insider said the comparable figures for the prior-year quarter were INR 431.47 billion of revenue and INR 21.84 billion of net profit. Revenue therefore increased 8.15 percent, while net profit increased 113.14 percent year over year.
Price position on the NSE
The October 19, 2026 NSE quote showed a session range of INR 1,211.30 to INR 1,247.20. Trading volume reached 3,320,032 shares, compared with an average volume of 1,678,799 shares. The current price was 8.12 percent below the INR 1,351.00 52-week high and 15.65 percent above the INR 1,073.20 52-week low.
Valuation and October 23 date
JSW Steel had a price-to-earnings ratio of 12.25, a dividend yield of 0.01 percent and a market capitalization of INR 3.0 trillion on October 19, 2026. The next quarterly results are scheduled for October 23, 2026, and the company plans a results conference call at 5:30 p.m. IST, as listed by Screener.
Comparison with peers
JSW Steel (NSE, INR): plus 2.06 percent, price-to-earnings ratio 12.25, market capitalization INR 3.0 trillion.
Tata Steel (NSE, INR): minus 0.83 percent, price-to-earnings ratio 19.64, market capitalization INR 2.2 trillion.
Steel Authority of India (NSE, INR): minus 1.16 percent, price-to-earnings ratio 16.34, market capitalization INR 697.9 billion.
Indian trading frame
The October 19, 2026 NSE price places JSW Steel below its annual high while its first-quarter profit comparison remains the stronger numerical support for the upcoming results date.
Market context: Market report BSE Sensex.
