JSW Steel Share Price Set for 18% Upside: Debt Down, Growth Up; Is This the Right Time to Buy?

JSW Steel Share Price Today: Shares of JSW Steel may see a surge of nearly 18% in the coming months due to the company's plan of debt reduction and capital expenditure in the long run. The company recently announced its strategic joint venture with JFE Steel Japan to jointly own and operate the BPSL business.

JSW Steel shares were trading 0.55% higher at Rs 11,553 per share on BSE with a market capitalisation of Rs 2,82,168.71 crore at 11 am. The stock had touched an intraday high of Rs 1165 per share and an intraday low of Rs 1145 per share.

JSW Steel Joint Venture, Acquisition

JSW Steel, on Wednesday, announced that it has entered into a joint venture with JFE Steel Corporation, Japan (JFE), for the business undertaking of Bhushan Power and Steel Limited (BPSL), consisting of its steel businesses.

" The company and JFE have entered into a Joint Venture Agreement to implement the strategic joint venture partnership. Further, the Company has entered into a business transfer agreement with JSW Sambalpur for the transfer of the Steel business undertaking of BPSL to JSW Sambalpur, by way of a slump sale on a going concern basis," noted the company in its press release.

"This merger eliminates an intermediate promoter-owned entity, ensures direct ownership of JSW Kalinga by JSTL, simplifies governance, and provides a clean corporate structure for onboarding JFE as a 50% JV partner," noted Motilal Oswal in its report on Wednesday.

JSW Steel Acquisition

JSW Steel has also completed the 100% acquisition of equity in Saffron Resources Private Limited (Saffron), the company announced in a separate BSE filing on Wednesday.

"The Company has completed the acquisition of 100% equity interest in Saffron Resources Private Limited ("Saffron") today i.e., December 3, 2025, in accordance with the Share Purchase Agreement as amended from time to time. Consequently, Saffron has now become a wholly-owned subsidiary of the Company," added the company in its press release.

JSW Steel Share Price Recommendation

Brokerage Motilal Oswal, in its report, has maintained a 'Buy' rating for the metal sector stock. The brokerage has fixed a target price of Rs 1,350 per share on BSE, with an 18% upside.

"At CMP, JSTL trades at 8.4x FY27E EV/EBITDA. We reiterate our BUY rating on the stock with a TP of INR1,350 (premised on 9x EV/EBITDA on Sep'27 estimate)," noted MOFSL in its report.

Emkay Research gave an 'Add' rating to JSW Steel stock with a target price of Rs 1,200 per share."We understand immediate deleveraging and getting prepared for the next leg of capacity expansion cycle-at a time when steel consumption growing at 8-9% pa is expected to push the market into a deficit in the next 2-3 years- as key rationale for this transaction. We maintain our estimates and reiterate ADD with a TP of Rs1,200."