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JSW Steel Gains 2% After JV With Japan’s JFE Steel, Brokerages Stay Bullish
JSW Steel rallies 2% post‑JV with JFE Steel as analysts forecast value unlock and deleveraging.
Shares rose about 2% over two sessions after the company announced a 50:50 joint venture with JFE Steel for its Bhushan Power & Steel business. Brokers say the move will cut debt, unlock value and expand capacity. Positive sentiment reflects expectations of improved balance sheet strength and long‑term growth.