Buy Jindal Steel With Target Of Rs 725

Buy Jindal Steel With Target Of Rs 725Stock market analyst Rahul Mohinder has maintained 'buy' rating on Jindal Steel & Power Ltd stock with target of Rs 720-725.

According to analyst, the interested investors can buy the stock with stop loss of Rs 660.

Today, the stock of the company opened at Rs 677.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 778 and a low of Rs 500.83 on BSE.

Current EPS & P/E ratio stood at 17.30 and 39.97 respectively.

Jindal Steel & Power Ltd has announced that its consolidated net sales during the first quarter increased to Rs 2,998.2 crore as compared to Rs 2,748.1 crore in the same period of last year.

Moreover, the company is eyeing a production of around 2 million tonne during the existing year.

The company has got over three-fourths of the land needed to construct its $2.1-billion steel and power facility in Bolivia, which permits it to start the detained project.