Stock market analysts have maintained ‘buy’ rating on Jindal Steel & Power Limited (JSPL) with a long term target of Rs 2,285.
According to them, interested investors can purchase the stock on declines with a strict stop loss of Rs 1,875.
Today (July 29), the company’s shares opened at Rs 1,950, as against its last closure at Rs 1,976.65 on Monday (July 28), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 79.98 and 24.16 respectively. The share price has seen a 52-week high of Rs 3,356 and a low of Rs 708 on BSE.