Archive: 2025 / 09

JSW Steel leads market focus: 17% output jump, Morgan Stanley upgrade, 95% utilization

JSW Steel leads market focus: 17% output jump, Morgan Stanley upgrade, 95% utilization

  • Sep, 9 2025
  • 0

JSW Steel grabbed market attention with a 17% YoY jump in August crude steel output and 95% capacity use. Morgan Stanley upgraded the stock to Overweight with a ₹1,300 target. Technicals turned positive, pointing to ₹1,150 near term. The company is scaling to 43.4 MTPA by 2026, including a 10 MTPA green steel push. Traders also kept Mahindra Logistics and Aditya Infotech on the watchlist.