Aug 10, 2010, 09.55 AM | Source: CNBC-TV18

JSPL has target of Rs 657: Thacker

JSPL has target of Rs 657, says Mitesh Thacker, Technical Analyst,

Mitesh Thacker, Technical Analyst,
Jindal Steel & Power (JSPL) has target of Rs 657, says Mitesh Thacker , Technical Analyst,

Thacker told CNBC-TV18, "Infact JSPL has gone through a lot of base building activity in the range of around Rs 625 to around Rs 610 and yesterday we got some kind of a buy signal on the charts. I think in the short-term atleast it could head towards the weekly or the daily moving averages, which is at levels of around Rs 657. That is the price target and the stoploss here would be around Rs 629."

The company's trailing 12-month (TTM) EPS was at Rs 17.30 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 36.88. The latest book value of the company is Rs 57.98 per share. At current value, the price-to-book value of the company was 11. The dividend yield of the company was 0.86%.

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