Motilal Oswal downgrades JSW Steel to neutral from buy; here's why
Updated: 30 May 2022, 10:34 AM IST
- The brokerage firm has cut its FY23 EBITDA estimate by 10 percent to reflect the near term headwinds in steel margin.
Motilal Oswal underscored that the company's management views the imposition of export duty on steel as temporary, similar to one in FY08. Photographer: Andrew Caballero-Reynolds/Bloomberg