{
  "id": 8864434,
  "title": "JSW Cement shares gain 2% after Motilal Oswal upgrades stock to Buy. Check target price",
  "url": "https://urgent.news/2026/09/21/jsw-cement-shares-gain-2-after-motilal-oswal-upgrades-stock-to-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T04:52:34.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/jsw-cement-shares-gain-2-after-motilal-oswal-upgrades-stock-to-buy-check-target-price/articleshow/134380119.cms"
  },
  "original_language": "en",
  "account": "On Monday, Motilal Oswal Financial Services upgraded JSW Cement's stock rating to 'Buy' from 'Neutral' and maintained a target price of Rs 146 per share. The stock experienced a 2% increase, reaching an intraday high of Rs 119.75 on the BSE. JSW Cement is projected to experience sustained medium-term growth due to strong volume momentum, entry into North India, and improving cost structure. The brokerage expects stabilisation of North India plants, internal cost-efficiency initiatives, and renewable power and logistics improvements to lower operating costs and support margins. JSW Cement's volume growth is anticipated to remain strong, with industry volumes growing 10-12% YoY and the company's overall volume growth estimated at 23-25% YoY. The brokerage projects revenue, EBITDA, and profit after tax to grow at 20%, 20%, and 15% CAGR, respectively, over FY26-FY28. At the current market price, the stock trades at 12x FY28E EV/EBITDA, compared to 14x FY28E EV/EBITDA at its listing price.",
  "summary": "JSW Cement shares gained nearly 2% after Motilal Oswal upgraded the stock to Buy from Neutral, citing strong volume growth, North India expansion, cost efficiencies and an improving medium-term growth outlook.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}