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Jindal Steel & Power (JNSP.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 60 days.
This is because the stock has traded off recently, making short term valuation much more compelling. While 2QF12
results were slightly lower than general expectations and there has been some disappointment on project progress, the
underlying strength of the company remains undiminished, in our view. As profits from pellets and the new units of 1,350
MW power plant start flowing in, we expect the stock to rebound from here.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Jindal Steel & Power (JNSP.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 60 days.
This is because the stock has traded off recently, making short term valuation much more compelling. While 2QF12
results were slightly lower than general expectations and there has been some disappointment on project progress, the
underlying strength of the company remains undiminished, in our view. As profits from pellets and the new units of 1,350
MW power plant start flowing in, we expect the stock to rebound from here.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
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