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Buy Jindal Saw

This Short Term Call was posted on Sep 26, 2008

Current market price: 577. It is currently quoting at a very low PE of 3.60 and has the capability to do well in the short term.

Jindal SAW Ltd. is a part of the USD $6 billion Jindal Group, one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters.

JSL is one of the country’s largest producers of SAW pipes, which is widely used in the energy sector for the transportation of oil and gas. JSL has diversified from a single product company to a multi-product company, manufacturing large diameter submerged arc pipes and spiral pipes and bends for the energy transportation sector; carbon, alloy and stainless steel seamless pipes and tubes manufactured by conical piercing process used for industrial applications; and Ductile iron (DI) pipes for water and sewage transportation.

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