JSW Steel shares slide 3% after Q3 PAT plunges 70% YoY. Should you stay invested?

JSW Steel shares: The steelmaker reported a 70% YoY decline in net profit to Rs 717 crore for Q3 FY2024, with a 1% drop in revenue to Rs 41,378 crore. Despite higher volumes and lower coking coal costs, weaker steel realizations impacted performance. Analysts are divided, with Citi maintaining a 'Sell' rating and Morgan Stanley an 'Overweight' rating on the stock.