Project pipeline and demand to drive JSW Steel growth; stock gains

JSW Steel (JSW), one of India’s largest steel makers, scaled fresh all-time high of Rs 408.65 last week. The recent rise is driven by the company’s inclusion in the Nifty50 index, boosting Street sentiment and pushing fund managers to add the stock to their portfolios.   Since the start of 2017, the stock has risen almost 2.5 times. Despite the gains, analysts believe that there are multiple triggers that will keep the stock prices elevated. The company has exhibited regular improvement in operating profit helped by rising steel realisations, better cost efficiencies, and ca.....

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