JSW & Jindal Stainless Get Boost From Jefferies

  Published 1 year ago

JSW Steel and Jindal Stainless saw their share prices increase following a Jefferies upgrade, citing strong volume growth and safeguard duties as factors boosting profitability in the Indian steel sector. India is seen as a bright spot for commodity growth.

  • Jefferies upgraded JSW Steel to 'Buy'.
  • Jindal Stainless initiated at a 'Buy' rating.
  • JSTL up YTD 11%, JIST down 7%+.

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