JSW Steel Q2 results preview: Adj. PAT could grow 60-110% YoY, say analysts
JSW Steel moved higher in a quarterly results development.
· Business Standard Mkts
Elara Capital said that steel demand remained resilient, supported by channel restocking ahead of expected price hikes.
The analysis
JSW Steel reported movement of -110%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.8% on the day at ₹1,246.00, and has returned -1.9% over three months. It sits 7% below its 52-week high. The metals & mining sector has moved -9.5% over the same period, so JSW Steel is running 7.5 points ahead of its peers.
For JSW Steel, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: JSW Steel (JSWSTEEL), in Metals & Mining.
- Over three months: JSW Steel -1.9% against Metals & Mining -9.5% (7.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| JSW SteelJSWSTEEL · Metals & Mining | ₹1,246.00 | -0.8% | -0.6% | -1.9% | -7.1% | 0.7× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
JSW Steel
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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