JSW Steel Share Price in Focus as Q1 FY26 Output Rises 14% YoY
JSW Steel Ltd (NSE: JSWSTEEL) is drawing investor attention as the company reported a 14% year-on-year (YoY) rise in consolidated crude steel output, touching 7.26 million tonnes in the first quarter of FY26. This performance comes despite planned maintenance shutdowns, which temporarily impacted operations. With a positive production update and strong technical indicators, JSW Steel share price is expected to stay in focus this week.
Production Update: Strong Growth Despite Maintenance
The company, led by Sajjan Jindal, highlighted that Indian operations contributed 7.02 million tonnes — a 15% YoY increase. However, there was a 5% sequential drop in production compared to Q4 FY25, primarily due to scheduled blast furnace maintenance. JSW Steel confirmed that all furnaces have since resumed operation and are now running at 87% capacity utilisation.
JSW Steel Q4 FY25 Results Snapshot
- Net Profit: ₹1,501 crore (up 14% YoY)
- Revenue from Operations: ₹44,819 crore (down 3% YoY)
- Market Capitalisation: ₹2,55,378 crore
While revenue saw a minor decline, profitability remained solid, reinforcing analysts' confidence in the stock’s future outlook.
JSW Steel Share Price Today and Performance
On Tuesday, JSW Steel shares closed at ₹1,044.3, gaining 0.15% for the day. Over the last 6 months, the stock has delivered a 16% return, and it has rallied nearly 32% in the last two years.
These gains reflect not just cyclical upswings in the steel industry but also JSW Steel’s operational resilience and expansion strategy.
Technical Indicators: Bullish Momentum Building?
- Relative Strength Index (RSI): 59.6 – Indicates neutral-to-positive momentum
- MACD: 8.9 – Above signal and center line, showing bullish strength
Analysts believe these signals point to potential further upside, with buying interest possibly increasing in coming sessions.
Brokerage View: Buy Rating Intact
According to Trendlyne, the average analyst target price for JSW Steel is around ₹1,045, which aligns closely with its current trading level. Among 33 analysts tracking the stock, the consensus remains a solid 'Buy' thanks to improving domestic demand, steady exports, and capacity growth initiatives.
Stock Chart Insights
A recent look at the JSW Steel share chart shows a steady upward trajectory, with minor consolidations. The stock remains well-supported above the ₹1,000 psychological level, and a breakout beyond ₹1,050 could push the next targets toward ₹1,080 and ₹1,120 levels, based on recent swing highs.
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Conclusion
With a strong Q1 performance, positive technical signals, and healthy analyst sentiment, JSW Steel appears well-positioned for further gains. Investors may closely watch its price action around ₹1,045 to determine the next move. As infrastructure demand and global steel dynamics evolve, JSW’s strategic execution will be a key catalyst for long-term growth.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult your financial advisor before making investment decisions.
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