Buy JSW Steel, says SP Tulsian

Buy JSW Steel, says SP Tulsian of sptulsian.com.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Stocks Views

Sep 04, 2012, 10.44 AM | Source: CNBC-TV18

Buy JSW Steel, says SP Tulsian

Buy JSW Steel, says SP Tulsian of sptulsian.com.

Like this story, share it with millions of investors on M3

Buy JSW Steel, says SP Tulsian

Buy JSW Steel, says SP Tulsian of sptulsian.com.

Post Your Comments

Share Cancel

SP Tulsian (more)

CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO

Buy JSW Steel , says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "For JSPL maybe from a fundamental or investor point of view I will look at Rs 300-310 but the regulatory move or actions remains a overhang. But I am very bullish, very positive on JSW Steel from current levels. Because I don’t see the merger of JSW Ispat to be so negative because of some favourable points like JSW Steel to increase their stake to 15%, they will be bringing an additional fund of Rs 1500 crore; the tax benefit and the people have been talking of absorption of loss of JSW Ispat."

He further added, "As such the losses were booked to the extent of 48% being an associate share of the company in the consolidated results. So I am keeping my positive view on JSW steel, if it corrects to about Rs 650-660 that makes a very good entry point but even at current rate of Rs 660 I will be comfortable buying it."

 

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Buy JSW Steel, says SP Tulsian

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login