Jindal Steel can touch Rs 620-630: Manas Jaiswal

Jindal Steel can touch Rs 620-630, says Manas Jaiswal, Technical Analyst of Emkay Global.

Jaiswal told CNBC-Awaaz, "Investors should invest in Jindal Steel above Rs 532 with a stoploss of Rs 510. The stock may go upto Rs 620-630 in next 2-3 week time."
The company's trailing 12-month (TTM) EPS was at Rs 21.58 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 24.04. The latest book value of the company is Rs 92.96 per share. At current value, the price-to-book value of the company was 5.58. The dividend yield of the company was 0.29%.