Motilal Oswal sees double-digit growth for JSW Steel, sets target price

Motilal Oswal has turned bullish on JSW Steel, projecting double-digit earnings growth through FY28. The brokerage notes the stock trades at roughly 7.5 times FY28 estimated EV/EBITDA, which it deems attractive for investors. It has issued a target price that reflects the expected upside, highlighting the company's strong growth trajectory.