Stock market analysts have maintained 'buy' rating on Jindal Saw with an intraday target of Rs 810.

According to them, interested traders can purchase the stock above Rs 800 with a strict stop loss of Rs 792. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 821.

Shares of the company, on Saturday (Oct 17), closed at Rs 797.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 88.70 and 9.04 respectively. The share price has seen a 52-week high of Rs 803.70 and a low of Rs 135 on BSE.

Jindal Saw, promoted by the OP Jindal Group, on Oct 15 announced that the company has decided to split up the par value of equity shares of Rs 10 each to Rs 2 per equity share.

Jindal Saw recorded a phenomenal growth in its standalone net profit for the three month period ended Sep 2009.

During the period, the company's profit surged 46.31% to Rs 1,464.3 million as against Rs 1,000.8 million during the same quarter of 2008.

Net sales during the quarter under review fell 7.74% to Rs 13,704.8 million, whereas total income during the quarter declined 7.63% to Rs 13,728.5 million.

The company has recorded earnings of Rs 27.58 per share during the three month period ended Sep 2009, posting 46.78% growth over previous year period.