JSW Group Stock in Focus After GQG Partners and SBI Mutual Fund Buy Stake Worth ₹3,150 Cr

Synopsis: GQG Partners and SBI Mutual Fund collectively invested Rs. 3,150 crore in this steel stock, acquiring a 1.02% stake via open-market deals. The stock shows strong recent gains across multiple timeframes.

The shares of this company, primarily engaged in the business of manufacturing and selling iron and steel products, are in the spotlight after two big players bought a stake in the company. Its product portfolio includes hot-rolled, cold-rolled, galvannealed, galvanised/galvalume, pre-painted, etc.

With a market capitalisation of Rs. 3,15,219 cr, the shares of JSW Steel Ltd were trading at Rs. 1289 per share, down from its previous close of Rs. 1,292.60 per share. The stock returned 26% over the past year, is up 10% year-to-date, has gained 11% over the last six months, and is up 1% in the past month.

About the Deal

In a significant open-market transaction on May 18, 2026, GQG Partners and SBI Mutual Fund collectively acquired a little over a 1.02% stake in JSW Steel, one of India’s leading steel manufacturers. The total value of the combined stake purchase is Rs 3,150 crore.

The acquisition was led by two major institutional investors. GQG Partners, through its GQG Partners Emerging Markets Equity Fund, purchased 1.5 crore shares, amounting to a 0.61% stake worth Rs. 1,890 crore. Meanwhile, SBI Mutual Fund acquired 1 crore shares, representing a 0.4% stake for Rs. 1,260 crore. Notably, SBI Mutual Fund already held a 1.16% stake in JSW Steel as of March 2026 through its SBI Arbitrage Opportunities Fund.

The shares were offloaded by the promoter entity, JSW Energy, which held a 2.86% stake in the steel company prior to this transaction. The block deal was executed at a designated transaction price of Rs 1,260 per share.

About the company 

JSW Steel Ltd is one of India’s largest private sector steel manufacturers and a flagship company of the JSW Group. It produces a wide range of steel products such as hot-rolled and cold-rolled coils, galvanized sheets, and value-added steel used in industries like construction, automotive, infrastructure, and engineering. 

It reported a strong performance in Q4FY26, with revenue rising 14% YoY to Rs. 51,180 crore compared to Rs. 44,819 crore in Q4FY25. EBITDA grew 38% YoY to Rs. 8,464 crore from Rs. 6,135 crore, reflecting improved operating efficiency. Net profit surged sharply by 1182% YoY to Rs. 19,243 crore versus Rs. 1,501 crore in the previous year, while EPS jumped significantly to Rs. 66.94 from Rs. 6.15, marking a 988% increase. 

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