JSW Cement shares jump 4% to ₹156 as Motilal Oswal initiates coverage with a neutral rating.

• Revenue expected 19% CAGR FY25‑28 from volume growth, pricing uplift; FY26 profit forecast ₹3 bn projected
• GGBS production leads market; replaces grey cement, yields higher margins, boosting JSW Cement’s profitability significantly
• IPO proceeds target north‑India expansion, cutting south‑India revenue share from 53% to 41% by FY28