JSW Steel may slip to Rs 520-515: Salil Sharma

JSW Steel may slip to Rs 520-515, says Salil Sharma of Kapoor Sharma and Company.

Sharma told CNBC-Awaaz, "JSW Steel is looking weak on chart and it is trading on dips continuously. There is indication of some more downside in stock. It may go down to Rs 520-515 in future."
The company's trailing 12-month (TTM) EPS was at Rs 100.34 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 5.57. The latest book value of the company is Rs 733.06 per share. At current value, the price-to-book value of the company was 0.76. The dividend yield of the company was 2.19%.