Hold JSPL, says Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that one may hold Jindal Steel & Power.

March 27, 2017 / 16:12 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Jindal Steel & Power (JSPL) has basically given some kind of bottoming out formation given the first breakout somewhere closer to Rs 85 and the second final breakout came at Rs 95. Now it is about Rs 100 zone. Long-term investor should hold, I think one is going to see levels closer to Rs 200, may takes its own sweet time for that but Rs 180 -200 is on the cards."

Jindal Steel & Power ended at Rs 116.45, down Rs 3.30, or 2.76 percent on the BSE.

first published: Mar 27, 2017 03:59 pm

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