Jindal South West Holdings has target of Rs 2085: Thacker

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Jindal South West Holdings has target of Rs 2085: Thacker

Jindal South West Holdings has target of Rs 2085, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about JSW Holdings See messages about JSW Holdings JSW Holdings BSE | NSE 01/06/12 Are Mutual Funds betting on JSW Holdings?

Jindal South West Holdings has target of Rs 2085, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Jindal South West Holdings is another stock which is breaking out of a sideways consolidation in fact the entire Jindal group has been slightly outperforming the other stocks in metal segments."

He further added, "I think Jindal South West Holdings is one stock which could probably do very well over the next few days. The targets here are Rs 2,085 which is again 52-week high for the stock or the highest closing the stock has recorded in the last calendar year and the stoploss here would be just below Rs 1,910."

The company's trailing 12-month (TTM) EPS was at Rs 4.79 per share. (Dec, 2009). The stock's price-to-earnings (P/E) ratio was 405.01. The latest book value of the company is Rs 556.29 per share. At current value, the price-to-book value of the company was 3.49.