Morgan Stanley maintains an “Overweight” rating on JSW Steel with a target price of Rs 1150.
There is an 80% chance that the share price will rise in the next 30 days.
Stimulus measures from China have eased some concerns in the industry.
The firm is looking for positive signs in steel spreads in the near term.
Domestic steel prices are now comparable to the prices of imported steel.
Last year, domestic prices were at an 8-9% premium compared to imports.
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