Nuvama cuts this steel stock's price target but still sees 25% upside — Here's why

JSPL has capacity in place, which will help deliver an estimated 17% compound annual growth rate (CAGR) over FY25-28, according to Nuvama. Higher steel prices should drive an EBITDA CAGR of 28% over FY25-28, the brokerage added further.JSPL has capacity in place, which will help deliver an estimated 17% compound annual growth rate (CAGR) over FY25-28, according to Nuvama. Higher steel prices should drive an EBITDA CAGR of 28% over FY25-28, the brokerage added further.