Should I buy JSW Steel stock in 2025?

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At HelloSafe, our expert has been following the performance of JSW Steel for over three years. Every month, hundreds of thousands of users in India rely on us to analyze market trends and spotlight the best investment opportunities. Our analyses are provided purely for informational purposes and should not be considered investment advice. In line with our ethical policy, we have never been, and will never be, paid or compensated by JSW Steel.

What is JSW Steel?

How much is JSW Steel stock?

The price of JSW Steel stock is falling this week. As of now, JSW Steel trades at ₹955.50, down 1.82% over the past 24 hours and posting a 7.09% decrease for the week.

Investors should note that while the current volatility may present risks, JSW Steel’s position in the industry and long-term growth plans offer potential opportunities.

Our full analysis on JSW Steel stock

After a rigorous review of JSW Steel’s latest financial results and a thorough assessment of the stock’s price behaviour over the past three years, we have synthesized multiple sources of analysis—blending financial indicators, technical signals, competitive benchmarking, and market sentiment through our proprietary algorithms. Today, we scrutinize where JSW Steel stands within an increasingly competitive steel sector, analysing both near-term pressure and unique long-term growth levers. So, why might JSW Steel stock once again become a strategic entry point into the Indian steel and materials landscape as we approach 2025?

Recent Performance and Market Context

JSW Steel has experienced notable volatility in 2025, reflecting both sector-wide turbulence and company-specific events. As of May 5, 2025, the stock trades at ₹955.50, registering a mild 1.82% intraday decline and down 7.09% for the week. The recent pullback extends a 4.40% slip over the last six months, but the stock remains up 9.3% year-on-year. This suggests resilience, especially juxtaposed against both domestic and global steel market headwinds.

• A Supreme Court ruling rejecting JSW Steel's resolution plan for Bhushan Power and Steel introduced regulatory overhang, prompting heightened short-term volatility.
• Despite this, the company’s expansion of its Vijayanagar facility—targeting a capacity leap from 13 to 18 million tonnes per annum (MTPA)—shows strategic commitment to long-term relevance and market share growth.
• On a macro level, renewed infrastructure stimulus, increasing demand from construction and automotive segments, and the government’s ongoing focus on “Make in India” manufacturing provide a supportive sectoral backdrop.

Taken together, these factors suggest that the market’s recently cautious stance may mask underlying strengths and set the stage for a more robust, medium-term narrative.

Technical Analysis

JSW Steel’s price action, at first glance, seems dominated by bearish signals. As of early May, the stock is trading beneath its 20-day, 50-day, 100-day, and 200-day moving averages, a structural sign of downward momentum. The 14-day Relative Strength Index (RSI) sits heavily oversold at 21.42—well below the classic threshold of 30—indicating the stock may be poised for a reversal or mean reversion as selling pressure abates.

The Moving Average Convergence Divergence (MACD) remains negative at -19.82, typically a “sell” confirmation, but in the broader context of an oversold RSI, historical precedents suggest a high likelihood of technical recovery for fundamentally solid stocks.

From a chartist’s lens, the cluster of support near ₹950 provides a risk-managed entry zone, while medium-term traders will monitor a potential bounce targeting the ₹980–₹1,000 band as bullish momentum returns. The strong oversold reading, coupled with cumulative volume near long-term support, frequently precedes a bullish reversal when backed by positive fundamental cues.

Fundamental Analysis

Despite recent technical weakness and earnings pressure, JSW Steel’s long-term positioning remains remarkably robust. Fiscal 2024 saw operational revenues reach ₹175,006 crore and EBITDA at ₹28,236 crore, underscoring JSW’s scale within the Indian context. FY24 Profit After Tax clocked in at ₹8,973 crore, even as Q4 profits dipped due to subdued domestic steel prices and input cost escalations—a cyclical phenomenon rather than a structural risk.

On valuation, JSW Steel currently trades at a P/E ratio of 71.77, which appears elevated relative to historical averages and sector peers. However, this must be balanced against long-cycle investments in capacity and green steel initiatives, suggesting that earnings are temporarily depressed rather than permanently impaired. The current market cap of ₹2.37 trillion places JSW among the elite materials plays, with a relatively low beta (0.80) indicating lower volatility and downside risk versus broader indices during periods of market turbulence.

• Domestic and overseas expansion (70% revenue in India, 30% abroad)
• Integrated supply chain through mining acquisitions
• Rapid scale-up from 29.7 MTPA toward an ambitious FY25 target of 38.5 MTPA

…elevates its competitive posture. In a market largely defined by cyclical upswings and protectionist undertones, JSW’s strong brand equity, dominant market share, and pace of innovation (notably in “green steel” leveraging renewable hydrogen) mark out structural strengths that transcend short-term headwinds.

Volume and Liquidity

Deep secondary market liquidity remains a hallmark of JSW Steel. The stock’s average daily volume stands at 1.97 million shares (3-month average), ensuring efficient price discovery and accessibility for investors of all sizes. Even during recent selloffs, volume has been robust—reflecting institutional attention and a broad, dynamic float that is conducive to both trading interest and long-term valuation realignment.

Historically, spikes in volume around technical lows have often preceded sustainable rallies, suggesting that the current phase may represent a broad-based accumulation phase by informed participants anticipating cyclical recovery.

Catalysts and Positive Outlook

• Capacity Expansions: Ongoing projects at the Vijayanagar facility and across the group will see JSW’s production scale leap by almost 30% by FY25, allowing it to address rising domestic demand and export opportunities.
• Green Steel Initiative: The integration of a 3,800-tonne hydrogen plant is expected to elevate JSW to the top tier of ESG-compliant steelmakers, opening premium markets and potential regulatory incentives as India and major export destinations ramp up decarbonization efforts.
• Vertical Integration: Recent mining asset acquisitions secure inputs, mitigating commodity price risk, and enhancing cost competitiveness across cycles.
• Policy Tailwinds: Central and State government thrust on infrastructure, housing, and transportation is expected to catalyze steel consumption.
• Innovation and R&D Spend: JSW’s leadership in operational digitisation, waste recycling, and advanced steel variants further reinforces its “future-ready” narrative.

The confluence of these levers, especially in the context of an anticipated sectoral upcycle post-2025, points to an attractive forward outlook. Recovery in global steel prices, a rebound in infra spending, and regulatory clarity would all serve as positive inflection points.

Investment Strategies

• Short-Term: Technical oversold conditions, with the RSI at multi-year lows and price consolidation around major long-term supports, typically signal a high-probability mean reversion—providing an appealing entry for swing traders and short-term investors. Immediate resistance bands (₹967–₹980) can be targeted as near-term exit or profit booking zones.
• Medium-Term: Fundamental resilience, impending capacity expansions, and positive market catalysts support a thesis for holding through the second half of FY25—a period likely to see a recalibration of price-earnings multiples as profit margins normalize. Traders may use tactical averaging strategies near support to optimize entry.
• Long-Term: For investors with a multi-year horizon, JSW Steel’s ambitious scale-up, integrated supply chain, and sustainability initiatives are transformative drivers, underpinning a robust compounding opportunity as the company enhances its leadership in both domestic and global steel markets. The stock remains well-placed to benefit disproportionately from sector and economic upcycles.

Crucially, the stock’s current trading range near multi-month support, combined with ongoing capacity projects and ESG pivots, offers idiosyncratic upside that stands out amid cyclic volatility.

Is it the Right Time to Buy JSW Steel?

In summary, JSW Steel is navigating short-term technical and regulatory challenges with a combination of market resilience and aggressive forward strategy. The foundational pillars of its investment case—superior scale, unmatched capacity expansion, integrated supply security, and pioneering moves in green steel—remain intact. The technical oversold state, evident across RSI and volume signals, historically foreshadows prominent upward swings for quality sector leaders.

With a broad range of identifiable catalysts, a sector-facing cyclical inflection, and a target price consensus implying over 30% upside from current levels, the fundamentals justify renewed investor interest. The stock’s current undervalued technical structure, paired with its forward-looking strategy, seems to represent an excellent opportunity for those seeking exposure to India’s steel renaissance.

For investors looking to position ahead of the next sectoral upswing, JSW Steel stands out as a strategic consideration—combining sound fundamentals with an increasingly favourable technical and macroeconomic setup. The convergence of technical recovery signals, ambitious project execution, and sectoral tailwinds marks JSW Steel as an intriguing name that warrants close attention as FY25 unfolds.

JSW Steel’s current phase of consolidation and strategic investment leadership positions the stock uniquely for bullish re-rating, and the emerging signals across financial, technical, and strategic dimensions make it a compelling opportunity for investors looking to participate in India’s next materials cycle breakthrough.

How to buy JSW Steel stock in India?

Buying JSW Steel shares online has become both simple and secure for Indian investors, thanks to regulated brokers operating under SEBI’s supervision. You have two main approaches: classic “spot buying” (acquiring actual JSW Steel shares), or trading through Contracts for Difference (CFDs) that let you speculate on share price movements without owning the stock. Both methods are accessible via user-friendly platforms, each with its own advantages and risks. To help you make an informed decision, we provide a detailed broker comparison further down this page.

Spot buying

With spot buying, you directly purchase JSW Steel shares in your Demat account through a registered broker. This means you officially own the shares and can benefit from dividends and any long-term price appreciation. Brokers typically charge a fixed commission per order; in India, this is often between ₹20 to ₹50 per trade.

Gain scenario (Spot buying)

For example: if the JSW Steel share price is ₹955.50, with a ₹1,000 investment (about $12) and a ₹40 brokerage fee, you can buy approximately 1 share (since ₹955.50 + ₹40 ≈ ₹995.50).
Gain scenario:
If the share price rises by 10% to ₹1,051, your 1 share is now worth ₹1,051.
Result: +₹95.50 gross gain, a +10% return on your investment (excluding taxes and future brokerage fees).

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on JSW Steel share price changes via a broker, without owning the stock. Instead, you enter a contract reflecting the share’s price movements. CFD brokers typically charge a spread (the difference between buy and sell prices) and, if you hold positions overnight, an overnight financing fee.

Gain scenario (CFD trading)

Say you open a CFD on JSW Steel with ₹1,000 and use 5x leverage—your market exposure becomes ₹5,000.
Gain scenario:
If JSW Steel’s price rises by 8%, your leveraged position yields an 8% × 5 = 40% gain.
Result: +₹400 profit on a ₹1,000 margin (excluding fees). Remember, leverage amplifies both gains and losses.

Final advice

Before investing, carefully compare brokers’ fees, trading conditions, and user experiences—these can impact your returns significantly. Whether you opt for direct share ownership or try out CFDs depends on your personal goals, risk tolerance, and time horizon. For more practical comparisons and tips, check the detailed broker list available just below on this page.

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#1

Forex specialist

#1

Eightcap

Notes

4.9

Discover

5 things to know about Eightcap

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

Is EightCap reliable?

Yes, EightCap is a trusted platform regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognised in the industry.

Why choose EightCap?

EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools such as MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.

What are the fees at EightCap?

At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.

Who is EightCap for?

Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.

Is it easy to withdraw money from EightCap?

Withdrawing your earnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.

#2

CFD specialist

#2

Avatrade

Notes

4.8

Discover

20% bonus on deposit

5 Things to Know About Avatrade

Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

Is Avatrade reliable?

AvaTrade is a trusted broker regulated by major institutions, including the AMF in France, the Central Bank of Ireland, ASIC (Australia), and FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.

Why choose Avatrade?

AvaTrade combines simplicity and expertise. Tutorials, demo accounts, and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don’t need to be an expert: AvaTrade adapts to you.

What are the fees at Avatrade?

AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments without surprises when it comes to paying.

Who is Avatrade for?

AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.

Is it easy to withdraw money from Avatrade?

Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfers, or e-wallets. Everything is designed to provide you with fast, clear, and secure access.

#3

Expert in Forex and CFD

#3

Vantage

Notes

4.8

Discover

50% bonus on 1st deposit

5 things to know about Vantage

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Is Vantage reliable?

Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.

Why choose Vantage?

Vantage distinguishes itself by its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.

What are the fees at Vantage?

The fees at Vantage are adapted to everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest effectively.

Who is Vantage for?

Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources.

Is it easy to withdraw money from Vantage?

Withdrawing funds from Vantage is fast and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or electronic wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.

Our 7 tips for buying JSW Steel stock

The latest news about JSW Steel

JSW Steel's expansion at the Vijayanagar facility is on track, targeting a capacity increase from 13 MTPA to 18 MTPA by FY24.
This project, located in Karnataka, demonstrates the company’s commitment to boosting domestic steel production, supporting India’s infrastructure and economic growth ambitions. It also positions JSW Steel favourably to meet anticipated increases in demand from various sectors, including construction and automotive, strengthening its presence in a competitive market.

The company’s green steel initiative, leveraging a new 3,800-tonne hydrogen plant, highlights its strategic focus on sustainability and innovation within India.
By integrating green hydrogen at the Vijayanagar facility, JSW Steel aims to produce premium green steel, aligning with India’s decarbonization agenda and responding to growing demand for eco-friendly materials from both local and international clients. This move is expected to support long-term pricing power and access to new market segments, fostering positive sentiment among ESG-conscious investors.

Despite underwhelming Q4 FY25 earnings, JSW Steel retains a solid revenue base, posting ₹175,006 crore in operational revenues for FY24 with a significant contribution from Indian operations.
The company's fundamental resilience is underlined by its diversified production base, with roughly 70% of revenues originating from India. This local focus protects JSW Steel from global supply chain volatility and ensures it benefits from domestic market expansion, even as profits faced short-term pressure due to lower steel prices and higher input costs.

The Supreme Court’s recent rejection of the Bhushan Power and Steel resolution plan introduces regulatory uncertainty, but JSW Steel’s robust expansion and acquisition pipeline provide a buffer against near-term headwinds.
While this legal setback has dampened market sentiment and contributed to a weekly decline of over 7% in share price, the company’s ongoing strategies to secure raw material supplies and enhance production capacity are expected to support its future growth prospects, particularly in the Indian marketplace.

Analyst consensus remains optimistic in the medium to long term, with a target price of ₹1,019.89 indicating approximately 30% upside from current levels.
Despite current technical weakness and a “Strong Sell” recommendation from moving averages, the stock’s oversold status (RSI at 21.42) and constructive capacity expansion plans offer potential for future recovery, especially as India’s steel demand is projected to rise amid continued economic development.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.