JSW Steel: Why is it racing and what should investors do?

JSW Steel, the flagship company of JSW group, is the largest steel exporter of the country. It finds its origins in 1982, when Jindal Group acquired Piramal Steel and renamed it to JISCO. Buoyed by the rising global steel prices, JSW Steels' stock price has more than tripled in the last one year. Is this rally sustainable? Business and management The company has a capacity of producing 18Mtpa steel across its facilities located strategically in Karnataka (12Mtpa), Maharashtra (5Mtpa) and Tamil Nadu (1Mtpa). The company also exports steel to over 100 countries (16 per cent of its FY20 revenue). In recent years, the company has won bids for four iron ore mines