JSW Steel stock falls 4.57 percent in October 8 trading

Published on 10/08/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JSW Steel stock was last at INR 1,173.80 on October 8, down 4.57 percent from the prior close. J.P. Morgan kept its Buy rating and INR 1,560 target.

JSW Steel, INE019A01038, Illustration mit AI erstellt.

JSW Steel stock (ISIN INE019A01038) was last at INR 1,173.80 on the NSE on October 8, 2026, down INR 56.20, or 4.57 percent, from the prior close of INR 1,230.00. The move puts the price 13.1 percent below its 52-week high of INR 1,351.00.

Analyst target stays above market

Markets Insider reported on October 6, 2026, that J.P. Morgan maintained a Buy rating on JSW Steel and set a price target of INR 1,560.00. That target lies 32.9 percent above the October 8 price, using the same INR quotation.

The same report cited a Moderate Buy consensus and an average target of INR 1,560.00. The gap between the market price and that target leaves the next results update as an important test of whether earnings can support the valuation.

June quarter delivered higher profit

For the quarter ended June 30, 2026, JSW Steel reported revenue of INR 466.62 billion and net income of INR 46.51 billion, compared with INR 431.47 billion and INR 21.84 billion a year earlier, according to Markets Insider on October 6, 2026. Revenue and net income therefore provide a stronger operating reference than the single-session price move.

The next scheduled checkpoint is October 23, 2026, when the company is set to consider results for the quarter ended September 30, 2026, according to StockFin. That date gives the market a defined event for judging margins, demand and capital allocation.

Stock remains above yearly low

At INR 1,173.80 on October 8, JSW Steel stood INR 100.60 above its 52-week low of INR 1,073.20 and 177.20 below its yearly high. Trading volume was 2,498,229 shares, while market capitalization stood at INR 2.9 trillion.

For investors, the immediate balance is clear: the stock has weakened during the October 8 session, while the June quarter and the INR 1,560.00 analyst target provide dated reference points for the October 23 results event.