Real-time Stock quotes, portfolio, LIVE TV and more.
Sep 03, 2012, 12.52 PM IST
JSW-STEEL-FALLS-ON-CONCERNS-OVER-EARNINGS:JSW Steel falls on concerns over earnings dilution
Reuters Market Eye - Shares in India's No. 3 steelmaker JSW Steel Ltd
Bank of America Merrill Lynch says proposed merger would dilute FY13/14 earnings by 13.7 and 10 percent respectively.
BofA Merrill Lynch has maintained its "underperform" rating on the stock, while reducing its target price to 560 rupees from 609 rupees.
JSW Steel, which is already the top shareholder in JSW Ispat after a $476 million deal in 2010, said on Saturday it would pay one share for every 72 JSW Ispat shares.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals