scorecardresearchICICI Securities downgrades JSW Steel to a 'sell' after Q1 earnings

ICICI Securities downgrades JSW Steel to a 'sell' after Q1 earnings

Updated: 25 Jul 2022, 09:42 AM IST
TL;DR.
  • ICICI Securities said that JSW Steel's auto contract realisations settled for long products higher by 9,000/te in Q1FY23, but will likely shrink by 4,000/te in Q2FY23E.
FILE PHOTO: JSW Steel Ltd, on Friday, reported an 85.8% decline in its consolidated net profit to  <span class='webrupee'>₹</span>838 crore for the April-June quarter (Q1FY23). REUTERS/Anindito Mukherjee

FILE PHOTO: JSW Steel Ltd, on Friday, reported an 85.8% decline in its consolidated net profit to 838 crore for the April-June quarter (Q1FY23). REUTERS/Anindito Mukherjee