Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "On the daily scale as well Jindal Steel & Power has been very significantly placed right now. We have seen a good substantial jump in volumes as well. So the idea would be to accumulate this particular stock. We are expecting momentum to continue. So around Rs 240-245 would be the ideal target of JSPL in this leg itself, so strong buy could be recommended here."
At 12:11 hrs Jindal Steel & Power was quoting at Rs 198.40, up Rs 14.05, or 7.62 percent. It has touched an intraday high of Rs 206.80 and an intraday low of Rs 184.
Disclosure: Analyst does not have any personal holdings but could have recommended to his clients.
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