JSPL may jump 20-25% on favourable SC verdict: Expert

Ajay Srivastava, CEO at Dimension Consulting told CNBC-TV18, "We have taken a arbitrage buy in Jindal Steel & Power (JSPL) because the value has been struck down so badly that even if there is some kind of a compromise penalty formula or a licensing fee formula which Supreme Court comes up with this company could see a strong reversal of fortunes."

"Hindalco Industries may see a 10-15 percent but JSPL could see 20-30 percent reversal. JSPL took a 20 percent odd fall on the day the announcement came last time. So, you are talking of 20-30 percent reversal if there is a reasonable form of a judgement. There could be a financial cost but the uncertainty of prosecution is over and that should give you a 20-25 percent return in less than may be a few hours after Supreme Court gives a final judgement," he added.