JSW Steel Ltd joined the elite ₹1 trillion market capitalisation club on Monday as its shares surged more than 200% from their March 2020 lows. JSW Steel posted a 21% rise from the year earlier in consolidated revenue in the December quarter to ₹21,859 crore. Net profit rose to ₹2,681 crore in the quarter from ₹211 crore a year earlier. “The stock trades at 5.9x our revised FY22E EV/EBITDA. We value the stock at 6.5x FY22E EV/EBITDA.

Source: Mint February 08, 2021 12:13 UTC