Jindal Saw can see 7-10% jump in near future: Daga

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Jindal Saw can see 7-10% jump in near future: Daga

Varun Daga, Founder & CEO of Varundaga.Com is of the view that Jindal Saw can see a good 7-10% jump in the near future.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Varun Daga See what other Experts & Brokerages are saying about Jindal Saw See messages about Jindal Saw Jindal Saw BSE | NSE 10/02/12 Are Mutual Funds betting on Jindal Saw?

Varun Daga, Founder & CEO of Varundaga.Com is of the view that Jindal Saw can see a good 7-10% jump in the near future.

Daga told CNBC-TV18, "Some of the metal stocks have come back very well and Jindal Saw being very good company in the pipe sector has broken out at Rs 210 levels. Sustaining that level since last five days has not seen much action after the breakout. So I think this is a good level to purchase this stock and can see a good 7-10% jump in the stock in the near future. Even from a longer point of view, we have target of Rs 250 on the stock."

Disclosure: Analyst is holding Jindal Saw for a long term plan.