Jindal Steel & Power good bet: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "Jindal Steel & Power (JSPL) has been underperforming since last 3-4 years. In last six months it has shown some good accumulation patterns with good volumes. The news has come on the positive side and it is just the beginning. It has already given a good run in the last one month or so."

"It is a good bet for the long-term as well as for the medium-term and it will outperform the sector this year. We can see targets of around Rs 285-300 in the short-term. For trading call I can have a target of Rs 215 for stop loss of Rs 188," he said.

Disclosure: Analyst has no holdings in the stock.