Stock market analysts have maintained 'buy' rating on JSW Steel Ltd with an intraday target of Rs 970.

According to them, interested traders can purchase the stock above RS 935 with a strict stop loss of Rs 918.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 985.

Shares of the company, on Wednesday (Nov 18), closed at Rs 965.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 997 and a low of Rs 161.15 on BSE.

Current EPS & P/E ratio of the stock stood at 46.64 & 21.44 respectively.

JSW Steel has decided to sell its 9 percent equity stake to Japanese

JSW Steel will be shaping capital alliance with the world's fifth-biggest steel manufacturer.

JSW Steel will sell its 10 per cent equity stake to JFE Steel (JFE).

It is discovered that the JSW Steel is expected to obtain Yen 50 billion from JFE for 10% stake.

Beside, it is also found out that JSW Steel would be providing steel to car manufacturers in the Japanese market.

JSW Steel recorded a 34% increase in crude steel production during the last month (Oct 2009).

Moreover, the company has also posted increase of 34% in crude steel fabrication, 145% in rolled long products and 19% in rolled flat items.