Buy Jindal Steel & Power With Stop Loss Of Rs 605

Buy Jindal Steel & Power With Stop Loss Of Rs 605Stock market analyst Rajesh Satpute is of the view that investors can buy Jindal Steel & Power Ltd with target of Rs 665.

According to analyst, the interested investors can buy the stock with stop loss of Rs 605.

The analyst said that the investors can achieve the said target in 4-5 trading sessions.

Today, the shares of the company opened at Rs 627.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 778 and a low of Rs 405.31 on BSE.

Current EPS & P/E ratio stood at 15.89 and 39.49 respectively.

Jindal Steel and Power Limited is the most worthful private steel manufacturer in the Indian market having a yearly turnover of more than US $2.1 billion.

JSPL has huge presence in sectors like steel, power, mining, oil & gas and infrastructure.

The company fabricates cheap and resourceful steel and power via backward integration from its personal captive coal and iron-ore mines and forwards the gains to its clients.

JSPL's main activities are to make coal-based sponge iron, steel, ferro chrome and generate power.

The Group runs in three sections including Iron and Steel, Power and Others.

JSPL has plants in Chhattisgarh, Jharkhand and Orissa.