JSW Steel target prices 2026: ₹1,350-1,400 range

Stock snapshot: JSW Steel slips 2.23%

JSW Steel Ltd. shares were last traded at ₹1,130.30, down 2.23% from the previous close of ₹1,156.00, according to the market data in the provided feed. The move comes amid a steady stream of brokerage notes and technical commentary on the stock. The feed also shows multiple price widgets and ranges, indicating different snapshots and contexts. Separately, it lists a “Day’s Range” of ₹1,201.10 to ₹1,210.00 and a 52-week range of ₹880.00 to ₹1,223.90.

The same compilation also includes a “JSW Steel Share Price” panel showing High: ₹1,420.00, Open: ₹1,221.81 and Low: ₹930.00. Since the time frame for these figures is not specified in the extract, they are best read as platform-reported reference points rather than a single-day summary. Even with the day’s decline, the broader news flow around the stock remains focused on targets, valuation multiples, and the outlook for margins.

What consensus recommendations show

The feed lists “Consensus Recommendations” with categories ranging from Buy to Sell, and also notes mean recommendations by 30 analysts. In addition, an “Analyst Trends” table provides a distribution of ratings over time. The counts were unchanged over the last week and month in the table, while the “Hold” count appears higher three months ago.

Analyst rating mix (as shown in the feed)

This mix indicates that “Strong Buy” plus “Buy” ratings (18) exceed the combined “Sell” plus “Strong Sell” ratings (6) in the current snapshot. The feed also includes a “Recent Recos” section listing Buy calls with targets.

Recent brokerage calls: ICICI Securities and Motilal Oswal

Under “Recent Recos”, the feed lists:

• ICICI Securities: BUY, target ₹1,230
• Motilal Oswal Financial Services: BUY, target ₹1,100

The same overall dataset also includes multiple Motilal Oswal (MOSL/MOFSL) notes with higher targets, suggesting different report dates and contexts in circulation. Taken together, the feed reflects that JSW Steel has been actively tracked by brokerages and analysts with a range of targets.

Motilal Oswal’s ₹1,400 target: the March 2026 note

A key update in the extract is a Motilal Oswal research report dated March 10, 2026, reiterating a BUY rating with a target price of ₹1,400. The “Outlook” section states that at CMP, JSW Steel trades at 7.6x FY28E EV/EBITDA, and the target price of ₹1,400 is premised on 9x EV/EBITDA on the Sep’27 estimate.

Another MOSL-linked update in the feed says the brokerage maintained a Buy call with a fresh target of ₹1,400 versus ₹1,350, citing supportive macros, margin recovery, and long-term growth supported by capacity expansion. It also references a rising share of value-added products, improving cost efficiencies, and new capacities coming on stream, with an expectation of double-digit revenue growth through FY26 to FY28.

The earlier MOSL ₹1,350 target: December 2025 reference

The compilation also references a December 03, 2025 Motilal Oswal report with a BUY rating and a target price of ₹1,350. That note states JSW Steel traded at 8.4x FY27E EV/EBITDA at the time, and the target was again premised on 9x EV/EBITDA on the Sep’27 estimate.

A separate detailed valuation description in the feed adds more inputs behind the ₹1,350 figure: enterprise value of ₹4,101 billion less net debt of ₹681 billion, translating to ₹1,350 per share on 2.44 billion shares. The same text mentions PB at 2.6x and frames the stock as trading below one standard deviation yet above long-term averages at 8.4x FY27E EV/EBITDA.

Technical levels cited by market commentators

The feed contains a Hindi technical commentary that flags a “fresh breakdown” and notes the stock slipped below the 200-day DMA, with a “lower top, lower bottom” structure. It suggests further downside levels may be seen, while also stating that long-term traders could hold and consider adding near lower levels.

In another technical segment, SEBI-registered analyst Deepak Pal is cited as saying JSW Steel broke out of a sideways phase, trading above the 20, 50, 100 and 200-day moving averages at that point. The same note reports technical indicators as: Parabolic SAR giving a buy, RSI at 66, and MACD trending higher. It adds that holding above the ₹1,070 to ₹1,080 support zone could keep the uptrend intact with scope to move toward ₹1,135 to ₹1,150, and mentions a stop-loss below ₹1,050.

Morgan Stanley upgrade and sector backdrop

The dataset includes an update that JSW Steel shares jumped over 2% after Morgan Stanley upgraded its rating to ‘Overweight’ with a target price of ₹1,300. It also references Morgan Stanley turning more constructive on the domestic steel sector, expecting improving demand and a more favorable global macro environment.

On sector performance, the feed cites metal stocks rising 8% to 9% last week and the Nifty Metal index up 5.75%. Another line in the compilation mentions the Nifty Metal index up nearly 6% last week, with robust domestic demand, policy support, and China’s supply cuts referenced as tailwinds. Separately, it states JSW Steel stock has risen 21.5% so far in 2025.

Key numbers and levels to track

The extract provides several actionable reference points that investors commonly monitor, spanning broker targets, valuation multiples, and support-resistance levels.

Why these updates matter for investors

Brokerage target changes often influence how investors frame risk and return, especially when they are tied to explicit valuation anchors such as EV/EBITDA multiples. In JSW Steel’s case, the feed repeatedly links targets to a 9x EV/EBITDA approach on the Sep’27 estimate and highlights improving macros, potential margin recovery, and capacity-led growth. These are also themes seen in sector commentary, where safeguard duties, stabilising global prices, and benign input costs are mentioned as supportive.

At the same time, the technical commentary in the dataset shows that short-term trading views can differ materially depending on trend signals and moving-average levels, with some parts flagging a breakdown below the 200-day DMA while others describe the stock as holding above multiple moving averages. For investors, that divergence underlines the importance of separating brokerage fundamentals and medium-term theses from near-term price action.

Conclusion

JSW Steel’s latest print in the feed shows a 2.23% decline to ₹1,130.30, but brokerage coverage remains active, with Motilal Oswal reiterating Buy calls and citing targets of ₹1,350 and ₹1,400 across different report dates, while Morgan Stanley is referenced with a ₹1,300 target. The next set of cues for the stock, based on the same compilation, will likely come from how prices behave around the cited support zones and how the margin and capacity expansion narrative progresses in broker updates.