JSW Steel reported a fourfold Q2 profit jump, with brokers raising price targets amid expected steel price recovery.

• Six brokerages increased JSW Steel price targets post-Q2 results, boosting the mean target to Rs 1,121.55 from Rs 1,097.56.
• Analysts expect margin and EBITDA expansion driven by rebounding steel prices, ramp-up of new capacity, and strong domestic demand forecasts.
• Mixed brokerage ratings highlight optimism on profitability, with price recovery and higher volumes expected from November onwards, supporting medium-term growth.