Stock market analyst Ashwani Gujral has maintained 'Buy' rating on JSW Steel to achieve a short term target of Rs 800.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 677.

Today, the shares of the company opened at Rs 734 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 46.64 and 16.17 respectively. The share price has seen a 52- week high of Rs 935 and a low of Rs 161.15 on BSE.

JSW Steel has recorded an increase of 34% in its crude steel production during the last month.

Moreover, the company registered a growth of 19% in rolled flat products and 145% in rolled long products.

The production during the last month was lower sequentially owing to unprecedented and nonstop rains followed by floods in the country's southern part in first week of Oct. All this had interrupted the facilities operations at Vijaynagar works.

The company's facility at Vijaynagar works is now operating normally.

JSW Steel is also looking for coal assets in Australia and some other nations.

For the quarter ended Sept 2009, JSW Steel posted a growth of 42.23% in its net profit at Rs 4515.4 million as compared to Rs 3174.5 million during the corresponding period last year.

Net sales during the period zoomed 6.27% to Rs 45,792.40 million, whilst total income surged 6.23% to Rs 45,805.20 million

The company's EPS during the period stood at Rs 23.69, recording 43.40% growth over prior year period.