Stock market analysts have maintained 'buy' rating on Jindal Steel with an intraday target of Rs 874.

According to them, interested traders can purchase the stock between Rs 865-868 with a strict stop loss of Rs 859. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 880.

Shares of the company, on Thursday (Oct 22), closed at Rs 869.10 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 30.96 and 27.39 respectively. The share price has seen a 52-week high of Rs 935 and a low of Rs 161.15 on BSE.

JSW Steel is all set to declare its Q2FY10 standalone results. According to estimations, the company's net profit is likely to surge 2% at Rs 323 crore as against Rs 317 crore, YoY.

The company's net sales are seen plunging 1% Rs 4,218 crore as compared to Rs 4,269 crore. Its operating profit is expected to come down at Rs 936 crore from Rs 1,090 crore and operating profit margin (OPM) is seen slumping to 22% from 26%.

JSW group is planning to make an investment of Rs 15 billion in its captive coal mining processes in West Bengal.

The project is connected to the group's planned power cum steel project in the state. The group's power generation division, JSW Energy will flag off the group`s plans in the state via a 800 MW thermal facility during the initial phase.

Moreover, JSW has been assigned steam coal blocks at Ichhapur and Gourangdih as well as semi-coking coal ones at Purulia and Sitarampur in West Bengal.