Buy and hold JSW Steel: Nirmal Bang
Nirmal Bang Securities has recommended investors to buy and hold shares of JSW Steel with a stop loss of Rs 1180.
By ET Bureau |
MUMBAI: Nirmal Bang Securities has recommended investors to buy and hold shares of JSW Steel with a stop loss of Rs 1180.
“The stock has corrected a lot from its recent high of 1,301 in a short time. Going forward, around the 1,174 levels we believe that buying will emerge from an investment view as this point is the 50-day moving average for the stock. Target from a short term is 1,245 / 1,280,” said the brokerage firm.
Shares of the company were trading at Rs 1218.50, higher by 0.5 per cent on the NSE.
“The stock has corrected a lot from its recent high of 1,301 in a short time. Going forward, around the 1,174 levels we believe that buying will emerge from an investment view as this point is the 50-day moving average for the stock. Target from a short term is 1,245 / 1,280,” said the brokerage firm.
Shares of the company were trading at Rs 1218.50, higher by 0.5 per cent on the NSE.
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