Analysts have raised target price for shares of JSW Steel by 4-10%, with CLSA Asia Pacific Markets, Nuvama Institutional Equities, and Centrum Broking also upgrading rating for the shares. JSW Steel currently has the capacity to produce around 28 million tonne of steel each year, and this is expected to rise to around 37 million tonne over the next 15-18 months as some of the current expansion plans are completed.