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JSW Steel (Credit Suisse) Erosion of location premium compounded by high leverage |
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Impact on stock price due to iron ore ban | Date | Rating | Target Price | Recommendation Price | Broker house | | 2 Aug 2011 | underperform | 550 (from 750) | 694 | Credit Suisse Report | |
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JSW Steel (Citi) Downgrade to Sell: Ore No More |
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Uncertainty very high;Mining ban may be extended;Output likely to be hit, costs to rise;TP cut; downgrade to Sell | Date | Rating | Target Price | Recommendation Price | Broker house | | 31 Jul 2011 | sell (from Buy) | 612 (from 1254) | 774 | Citi Report | |
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JSW Steel (ICICI securities) Performs well, concerns ahead |
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Healthy growth in saleable steel volumes;Overseas operations | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | hold | 863 (from 923) | 820 | ICICI securities Report | |
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JSW Steel (Deutsche Bank) Strong results; cost saving remains a key focus area |
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1Q'FY12 operating results 19% ahead of estimates; maintain Buy;Delivery on cost saving initiatives to boost investor confidence;Encouraging progress on raw material integration;TP of INR1,120/share based on SOTP methodology; risks | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | buy | 1120 | 862 | Deutsche Bank Report | |
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JSW Steel (Emkay) Satisfactory performance; challenges ahead |
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Topline aided by higher sales volume, better production mix;Chile iron ore contribution better than expected;Improved mix, efficiency restrict cost escalation; concerns remain | Date | Rating | Target Price | Recommendation Price | Broker house | | 27 Jul 2011 | accumulate (from Buy) | 1016 | 870 | Emkay Report | |
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JSW Steel (Goldman Sachs) Above expectations; operating profit surges on realization surprise |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 27 Jul 2011 | buy | 1140 | 870 | Goldman Sachs Report | |
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JSW Steel (Angel) Strong performance |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 26 Jul 2011 | accumulate | 947 | 870 | Angel Report | |
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JSW Steel (Citi) 1Q PAT 5% Below Estimate; Speed-Bumps Ahead |
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1QFY12 cons. PAT up 32%;Key India highlights;Iron ore blues;US 1Q operations weak;International raw material — Chilean ops ; Maintain Buy | Date | Rating | Target Price | Recommendation Price | Broker house | | 26 Jul 2011 | buy | 1254 | 870 | Citi Report | |
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JSW Steel (credit suisse) FY11 annual report: Acceptances increased; sharp increase in beneficiation |
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Should acceptances be considered as debt? | Date | Rating | Target Price | Recommendation Price | Broker house | | 1 Jul 2011 | underperform | 815 | 875 | credit suisse Report | |
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JSW steel (BNP Paribas) update.2011.Jun.3 |
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Waiting for an inflexion point | Date | Rating | Target Price | Recommendation Price | Broker house | | 3 Jun 2011 | buy | 1176 | 951 | BNP Paribas Report | |
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