Stock market analyst Monal Desai of Prabhudas Lilladher is of the view that investors can buy Jindal Saw Ltd stock to achieve a target of Rs 215 in 1-2 trading sessions.

According to analyst, the investors can buy the stock with stop loss of Rs 195.

Today, the shares of the company opened at Rs 202.75 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 227.10 and a low of Rs 67.01 on BSE.

Current EPS & P/E ratio stood at 23.13 and 8.58 respectively.

For the quarter ended March 2010, Jindal Saw Ltd recorded an increase of 86.23% in its net profit, which stood at Rs 1,780 million as compared to Rs 955.80 million during the same period of the last year.

During the quarter, the company's net sales declined 25.78% to Rs 10,862.7 million as compared to Rs 14,636.30 million in the previous quarter.

The principal activity of Jindal SAW Ltd, which was formerly known as Saw Pipes Ltd, is to make and sell SAW pipes.

The Group's products comprise large diameter Submerged Arc Welded pipes and Spiral pipes and bends that are utilized by energy companies for transporting oil and gas, Carbon, alloy and stainless steel seamless tubes made by conical piercing process that are used in industrial apps and Ductile iron pipes that are used in water and sewage transportation.

The company's facilities are situated at Maharashtra, Uttar Pradesh and Gujarat. The Group runs in India and United States.