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.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Bharti Airtel stock with an intraday target of Rs 825.

According to Karvy, day traders can purchase the stock above Rs 800 with a strict stop loss of Rs 780. The stock pricing becomes more attractive, and reach above Rs 828, if the stock market remains positive.

Shares of the company, on Monday (July 28), closed at Rs 794.40 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 348793. Current EPS and PE Ratio stood at 32.90 and 24.16 respectively. The share price has seen a 52-week high of Rs 1149 and a low of Rs 688 on BSE.

Indian stock markets ended positively on Monday (July 28), led by Larsen & Toubro, Tata Power and ACC.

The broad based Nifty’s increase was led by oil & gas, capital goods and consumer durable stocks. But, metal and power stocks went down.

On global front, the majority of the Asian stocks went up on Monday, however, European shares declined during the early trade.

Finally, the Sensex marked its closure at 14,349.11 after making a gain of 74.17 points. It also touched a high of 14,421.61 and a low of 14,219.38 during the day.

For the second successive week, Indian stock markets gained helped by lower than expected inflation numbers, encouraging worldwide signals and heavy buying action by funds.

The Sensex breached the mark of 15k during the week ended July 25, on the back of positive response.

The Sensex on Friday (July 25) closed the week at 14,274.94 after losing 502.07 points, while the broad based Nifty ended at 4311.85 points, down 121.7 points.

Alex Mathew, head - research centre, Geojit Financial Services said, “Nifty closed lower at 4,311, on weak European and Asian markets. Our markets were moving higher by 18.8% in the last one weak, showing slightly over situation. Nifty will remain in a range of 4,123 (50 DMA). A major upward or downward trend will emerge only if Nifty breaches these levels.”

Indian equities pared their gains, on Friday (July 25), because of renewed worries that credit market losses will expand and a decelerating worldwide economic system will diminish earnings.

Moreover, the stock markets fell following news of a bomb blast in outskirts of IT city Bangalore. At least two persons died and 20 people injured in eight blasts, which hit Bangalore’s central business area and other crowded regions.