Valuations Reflect Upside for Listed Steel Majors Despite Weak Q2
Indian steel majors, including Tata Steel, JSW Steel, Jindal Steel & Power (JSPL), and Steel Authority of India Limited (SAIL), reported weaker-than-expected performance in Q2 FY26. Softer global steel prices, rising coking coal costs, and muted demand in export markets weighed heavily on margins. Yet, despite earnings pressure, analysts remain positive on valuations. Domestic infrastructure … Read more