$JSWSTEEL

Fundamental: Revenue +9.9% YoY | PAT +100% YoY | 3Y PAT CAGR 84% | TTM PAT +585% | P/E 11.1x vs sector 25.3x (56% discount; vs own 10Y avg 26.8x) | Upside 38.7% | Operating Margin 26.9% (+301 bps) | ROCE 10.3% | Institutional Holding +0.11% | Rank #3/19 peers | Rating 8.42 Technical: Moved above ₹1,260 resistance — recovery from prolonged consolidation | Above short-term MAs; 50/100/200 EMAs providing strong support — broader trend positive | RSI ~56 — healthy momentum, room to run | ADX ~14 — early developing trend, strengthening if buying continues | MACD bullish crossover with rising histogram bars — recovery supported | Sustained move above ₹1,280 targets fresh buying | Support: ₹1,245–1,250 (immediate) | 52W Index 80.4 Moat: India's largest private steel producer with 35+ MTPA capacity across flat and long products — scale advantages, backward integration into iron ore and coking coal, and dominant market positioning across automotive, construction, and infrastructure sectors create a structural cost moat that smaller peers cannot replicate. View: Perfect valuation (10/10) and outlook (10/10) scores, a 56% P/E discount to peers, 38.7% Finkhoz upside, and a 585% TTM PAT recovery — one of the most compelling large-cap value setups in today's batch; the early-stage trend (ADX 14) with a tight SL offers a clean risk-reward entry as the breakout above ₹1,260 gathers momentum.