See more downside in JSPL: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jindal Steel & Power (JSPL) has been coming in our sell list consistently and the stock has been falling. There is more downside here. It has not yet completed its bear market and we know when a stock goes in a bear market, it can do anything. So the risks from buying are much more."

At 10:12 hrs Jindal Steel & Power was quoting at Rs 314.30, down Rs 3.70, or 1.16 percent. It has touched an intraday high of Rs 318.05 and an intraday low of Rs 313.35.
The share touched its 52-week high Rs 485.10 and 52-week low Rs 295.25 on 10 May, 2012 and 29 April, 2013, respectively. Currently, it is trading 35.21 percent below its 52-week high and 6.45 percent above its 52-week low.
Market capitalisation stands at Rs 29,381.83 crore.