JSW Energy a market performer, says Sharma

JSW Energy looks very good in power space. It could be a market performer, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "JSW Energy has till now not given a breakout but if it closes above Rs 46-47 then the chart is looking quite decent and from there one can expect – it could be a market performer. I think the whole space is market performer but out of them JSW Energy really looks good." "The company's trailing 12-month (TTM) EPS was at Rs 5.40 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 9.19. The latest book value of the company is Rs 38.17 per share. At current value, the price-to-book value of the company was 1.3. The dividend yield of the company was 2.02%."