Kotak Institutional Equities maintains its bullish stance on Jindal Steel & Power (JSP), revising its fair value upward from Rs1,150 to Rs1,225 per share.
SAIL, BHEL and BEML were among major gainers in the PSU space on Monday while overall trend in the market was positive despite tariffs threats from US President Donald Trump.
Motilal Oswal has issued a BUY call on JSW Steel, setting an optimistic target price of Rs 1,180—representing an upside of approximately 15% from the current market price.
Tata Steel stock surged 2.56 percent on Thursday after sustained buying in the counter. Other steel companies also witnessed strong performance including SAIL and JSW Steel.