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Breaking News Desk Editorial

Nomura Remains Bullish on Indian Steel: Initiates Buy on JSW Steel and JSPL

Nomura Remains Bullish on Indian Steel: Initiates Buy on JSW Steel and JSPL
Abhishek Sharma
Founder & Editor-in-Chief
Published: Updated: 1 min read
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Nomura sees Indian steel producers in a favorable position, supported by strong financials and market conditions.

Return on Equity (ROE) for steel companies is higher now compared to previous market downturns.

Steel producers are reducing their debt, strengthening balance sheets.

Rising domestic demand is lowering the reliance on exports for Indian steel companies.

Return on Capital Employed (ROCE) is improving due to brownfield expansions, increasing profitability.

Monetary easing globally supports higher valuations for steel stocks.

Nomura remains optimistic about Indian steel companies’ performance.

Cost-saving measures and a cyclical market recovery are benefiting steel producers.

Nomura initiates a “Buy” on JSW Steel with a target price of Rs 1220 and JSPL at Rs 1200.

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Abhishek Sharma
Founder & Editor-in-Chief

Abhishek Sharma

I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire. I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world. I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas. As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential. I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities. Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire

Last reviewed by Abhishek Sharma on August 26, 2026

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