JSW Steel Shares Fall 2% Ahead Of Q2 Earnings

The shares of JSW Steel fell more than 2% in today's trade as the company braces to report its second-quarter earnings after market close. The stock has been on a declining trend for four of the last five trading sessions.

The JSW Steel stock ended the previous session at Rs 784.35 per share and current market capitalisation stands at Rs 1.87 lakh crore. The street is expecting the company to report a profit in this quarter compared to a loss of Rs 915 crore in the same quarter last year.

Analysts are expecting JSW Steel's consolidated revenue to be aided by sales volume and weak global prices. Realisations are expected to fall on a sequential basis, while earnings before interest, tax, depreciation and amortisation (EBITDA) margin or operating margin improve on a low base. The performance of the subsidiaries is expected to be subdued in the July-September quarter.

The JSW Steel stock is currently trading at Rs 765.25 per share and has shed more than 1% on a year-to-date basis.