Shares of JSW Steel Ltd . will be in focus on Thursday, December 4, after Japan's JFE Steel renewed its long-standing partnership with the Sajjan Jindal group through a major new deal. More than 10 years after its first big investment in JSW Steel, JFE has committed fresh capital to the group, prompting a wave of brokerage reports that remain largely positive on the company's prospects.

Out of 36 analysts who track JSW Steel, 16 have a 'Buy' call, while 10 each recommend 'Hold' and 'Sell'.

Morgan Stanley has an 'Overweight' rating with a price target of ₹1,300. The brokerage says JSW will benefit from combining JFE's technological strength with its own project execution capabilities as India's steel demand enters a multi-decade growth phase.

JFE will invest ₹15,800 crore in two tranch

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