Buy JSW Steel, target of Rs 525: PINC Research
PINC Research has recommended a buy rating on JSW Steel with a price target of Rs 525 in its May 08, 2009 research report.
“JSW Steel (JSW) reported net sales of Rs 32.3 billion for Q4FY09, a YoY decline of 9%. The drop was primarily due to the 15% decline in average realisations at Rs 27.9k/mt. The marginal increase in sales volume of 5% to 1.1 mn mt arrested the decline in sales. Operating profits were down by 61% to Rs 3.2 billion due to the high cost inventory while net profits slid 87% to Rs 492 mn as a result of higher capital charges.”
“The current stabilisation in steel prices coupled with lower raw material prices of iron ore and coking coal set to trickle in, JSW is best placed to take advantage of its expected volume growth from the newly commissioned capacities. We recommend a ‘BUY’ on the stock with a 12-month price target of Rs 525,” says PINC’s research report.
Tags: india stocks, jsw steel, nse bse tips, stock calls
Similar Posts:
Recent Posts
Latest Query
- by M.A.SIDDIQ
Market Stats
- Sensex17578.23+58.97[+0.34%]
- Nifty5262.80+16.90[+0.32%]
- Dow Jones10772.29-6.88[-0.06%]
- Nasdaq2382.86-8.42[-0.35%]
- Dow Futures10816.00+36.00[+0.33%]
- Nikkei 22510824.72+80.69[+0.75%]
- Hang Seng21370.82+40.15[+0.19%]
- Straits Times2915.70+1.76[+0.06%]
- Shanghai3067.75+21.66[+0.71%]
- FTSE 1005676.34+33.72[+0.60%]
- CAC 403943.17+4.99[+0.13%]
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on December 25th, 2009 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on December 25th, 2009 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
Recent Comments
- NSE_Trader Hi CB and all, RBI increases repor an...In Intraday calls for 19-03-10
- NSE_Trader Hi CB and all, RBI increases Reverse ...In Intraday calls for 19-03-10
- ramsingh Hai CB! What is ur opinion a...In Intraday calls for 19-03-10
- Akash Hi CB, BLUESTINFO is at 121 now. It to...In Intraday calls for 19-03-10
- suzane what do u find inerainfra for monday ?...In Intraday calls for 19-03-10
- NSE_Trader Hi CB, Global and local mkts are goin...In Intraday calls for 19-03-10
- akila Hi CB Good Evening.... the week end...In Intraday calls for 19-03-10
- deepak_deora81@yahoo.com hi CB gud evening...In Intraday calls for 19-03-10
- jeetu hi CB holding cham fert @ 61.10 and hp...In Intraday calls for 19-03-10
- sanat mallick Dear CB, I was holding 200 SELMCL @ 8...In Buy SEL Manufacturing Company
- ruthwik Hi Cb I came through that vishal in...In Intraday calls for 19-03-10
- Jai Anand Another Query: I Receive BTST calls, s...In Intraday calls for 19-03-10
