Sharekhan has maintained its buy rating on Jindal Saw with a price target of Rs 476 in its March 31, 2009 research report. “Jindal Saw Ltd’s (JSL) Q4CY2008 numbers are ahead of our expectations on the back of an exceptionally strong top line. With the hive-off of the US division, …
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Sharekhan revises Jindal Saw target to Rs 476
Posted on: April 1st 2009 in Brokerage Recommendations.
MUMBAI: Sharekhan has maintained ‘Buy’ call on Jindal Saw and revised its target to Rs 476 per share which turns out to be over 165 per cent upside from current market price of Rs 179. The brokerage says, “The order inflows have been slower for all pipe makers in the last few months…
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