jsw steel (DeutscheBank) Steel express maintains momentum; reiterate buy

Aggressive capex, funded balance sheet; Volume growth, incremental cost savings and benefits of Ispat integration will be key stock price drivers; EBITDA/tonne expected to sustain despite raw material headwinds; TP of INR1,120/share based on SOTP methodology; risks
Date Rating Target Price Recommendation Price Broker house
25 May 2011 buy 1120 (From 1115) 899 DeutscheBank Report

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