JSW Energy, JSW Steel plan to raise $300 million through bonds in Oct-Dec

JSW Steel reported ₹1,500 crore and ₹1,350 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -4.1% on the day at ₹1,179.20, and has returned -3.5% over three months. It sits 12% below its 52-week high. The metals & mining sector has moved -4.3% over the same period, so JSW Steel is running 0.8 points ahead of its peers.

For JSW Steel, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.