ICICI Securities downgrades JSW Steel to a 'sell' after Q1 earnings
Updated: 25 Jul 2022, 09:42 AM IST
- 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 ₹838 crore for the April-June quarter (Q1FY23). REUTERS/Anindito Mukherjee