Motilal Oswal gives JSW Steel buy rating sets ₹1,470 target

Business Oct 26, 2026

Motilal Oswal just gave JSW Steel a thumbs up with a buy rating and set the stock's target price at ₹1,470.

The big reason? JSW Steel's numbers this quarter were stronger than expected, catching the attention of investors.

JSW Steel Q2 FY27 revenue ₹54,500cr

For Q2 FY27, JSW Steel pulled in ₹54,500 crore in revenue, way above forecasts. That's a 31% jump from last year and 15% up from last quarter.

Their adjusted EBITDA also shot up to ₹9,940 crore (up 39% year-over-year), driven by higher-than-expected volume.

Even though earnings per ton dipped a bit due to pricier coal, analysts are feeling pretty optimistic about what comes next.