
CLSA flags 5–9% valuation risk for JSW Steel as SC scraps Bhushan Power resolution plan
CLSA has maintained its ‘Underperform’ rating on JSW Steel, assigning a target price of ₹825, after the Supreme Court struck down the company’s resolution plan for Bhushan Power and Steel Ltd (BPSL) and directed liquidation of the debt-ridden company. The …