Karvy Stock Broking Limited has maintained ‘Buy’ rating on Jindal Stainless stock with an intraday target of Rs 134.

According to Karvy, day traders can purchase the stock between Rs 126-128 with a strict stop loss of Rs 125. The stock pricing becomes more attractive, and reach above Rs 135, if the stock market remains on positive track.

Shares of the company, on Wednesday (July 30), closed at Rs 131.70 on the Bombay Stock Exchange (BSE). Current EPS and PE Ratio stood at 10.73 and 12.50 respectively. The share price has seen a 52-week high of Rs 243.80 and a low of Rs 112 on BSE.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Tata Steel stock with an intraday target of Rs 610.

According to Karvy, day traders can purchase the stock above Rs 592 with a strict stop loss of Rs 585. The stock pricing becomes more attractive, and reach above Rs 613, if the stock market remains on positive track.

Shares of the company, on Tuesday (July 29), closed at Rs 584.30 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1667306. Current EPS and PE Ratio stood at 64.14 and 9.64 respectively. The share price has seen a 52-week high of Rs 969.80 and a low of Rs 469.04 on BSE.

Sajjan Jindal-controlled the JSW Steel group plans to invest Rs 2000 crore in four years to setup a deep sea port in the Bhadrak district of Orissa, which is located right outside the border of West Bengal.  

The proposed port in Orissa, which would handle coal and finished steel products, have an initial capacity of 25-30 million tones. The company would take 3-4 years to execute the project.  

The port would also support import of raw materials and export of finished goods of the 10 million steel plants in West Bengal and Jharkhand.