Technical Analyst PK Agarwal of Purpleline Investment has maintained 'hold' rating on JSW Steel Ltd stock to achieve a medium term target.

According to analyst, the investors can exit on a rally to around Rs 1100.

Today, the stock opened at Rs 1052 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1350 and a low of Rs 495.15 on BSE.

Current EPS & P/E ratio stood at 108.15 and 9.54 respectively.

JSW Steel Ltd, on May 25, may consider slashing rates of flat steel items by the coming month owing to declining global steel prices.

Worldwide steel prices are under pressure as nations still making recovery from the economic slump have been hit hard by the Greek crisis.

The country's third largest steel producer had posted gain in the three month period ended March 2010.

Net income of the company during the quarter stood at Rs 6.1 billion as against with a net loss of Rs 399.3 million in 2009.

The company's net income rose as sales jumped 52% to Rs 54.4 billion and the company hiked rates of its products by around 7% during the quarter ended March 31.

In addition, JSW Steel has also bought coking coal mines in USA. The mines are situated in West Virginia with total resources of 123 million tons.