Investors are suggested to buy Jindal Steel to be sold on next week. This delivery call has been given as the stock has performed well in an otherwise weak market.

The investors can purchase the stock above Rs 14500 with a stop loss Rs 12090 to achieve a target between Rs 18577 and Rs 26227.

The stock has gained above 6% at Rs 15,108, up till now in today’s session. It has good potential, and the Investors need not to worry as it will hit the ground soon.

The board of directors of Jindal Steel & Power, through resolution passed by circulation on Nov. 21, 2007 decided to sub-divide each equity share of Rs 5 into 5 equity shares of Re 1 each.

Jindal Steel & Power has business interests in steel production, power generation, mining iron ore, coal and diamond exploration/mining.