JSW Cement shares rose 3% to Rs 142.70 after Jefferies initiated coverage with a target price of Rs 170, signaling 23% upside. The brokerage expects 35% EBITDA CAGR over FY25-28, supported by IPO proceeds of Rs 1,600 crore. JSW leads India’s GGBS market, driving strong margins, and plans rapid expansion into North India to boost growth and profitability.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets