Prabhudas Lilladher has maintained its 'Accumulate' rating on JSW Steel, citing the company’s resilient operating performance, healthy capacity expansion plans and improving demand outlook. The brokerage has set a target price of ₹1,351, reflecting confidence in the steelmaker’s long-term growth prospects.The brokerage expects domestic steel demand to remain strong, supported by government infrastructure spending, construction activity and manufacturing growth. JSW Steel is also expected to benefit from its ongoing capacity expansion, operational efficiencies and focus on value-added steel products.

Despite fluctuations in raw material costs and global market conditions, the company’s diversified operations and disciplined cost management are seen as key strengths. Analysts believe these factors could help sustain profitability and support future earnings growth.

The positive outlook reinforces investor confidence in India's largest private steel producer as it continues to strengthen its market position through strategic investments and production expansion. With demand fundamentals remaining favourable, JSW Steel is well placed to capitalize on opportunities in both domestic and international markets.