Sell JSW Steel, target Rs 240: Pritesh Mehta
Sell JSW Steel at a price target of Rs 240 and a stop loss at Rs 262 from entry point.
By ETMarkets.com |
Pritesh Mehta of IIFL has a sell call on JSW Steel with a target price of Rs 240.
The current market price of JSW Steel is Rs 256.70.
Time period given by the analyst is intraday when JSW Steel price can reach defined target.
Pritesh Mehta recommended to keep a stop loss at Rs 262.
JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 62,050.05 Crore) operating in Iron and Steel sector.
JSW Steel key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets which contributed Rs 29,903.01 Crore to Sales Value (52.54 per cent of Total Sales), Rolled Product which contributed Rs 10709.37 Crore to Sales Value (18.81 per cent of Total Sales), Coils (Cold Rolled) which contributed Rs 8231.56 Crore to Sales Value (14.46 per cent of Total Sales), Others which contributed Rs 3236.01 Crore to Sales Value (5.68 per cent of Total Sales), Coils & Sheets (Galvanised) which contributed Rs 2054.47 Crore to Sales Value (3.60 per cent of Total Sales), Billets & Blooms which contributed Rs 1488.88 Crore to Sales Value (2.61 per cent of Total Sales), Other Operating Revenue which contributed Rs 669.28 Crore to Sales Value (1.17 per cent of Total Sales), M S/S S Slabs which contributed Rs 620.67 Crore to Sales Value (1.09 per cent of Total Sales)for the year ending 31-Mar-2017.
The company’s top management includes Dr.Vijay Kelkar, Dr.Vinod Nowal, Dr.(Mrs.)Punita Kumar Sinha, Mr.Haigreve Khaitan, Mr.Hiroyuki Ogawa, Mr.Jayant Acharya, Mr.Kannan Vijayaraghavan, Mr.M V S Seshagiri Rao, Mr.Malay Mukherjee, Mr.Sajjan Jindal, Mr.Seturaman Mahalingam, Mrs.P Hemalatha, Mrs.Savitri Devi Jindal.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-06-2017, the company has a total of 2,417,220,440 shares outstanding.
The current market price of JSW Steel is Rs 256.70.
Time period given by the analyst is intraday when JSW Steel price can reach defined target.
Pritesh Mehta recommended to keep a stop loss at Rs 262.
JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 62,050.05 Crore) operating in Iron and Steel sector.
JSW Steel key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets which contributed Rs 29,903.01 Crore to Sales Value (52.54 per cent of Total Sales), Rolled Product which contributed Rs 10709.37 Crore to Sales Value (18.81 per cent of Total Sales), Coils (Cold Rolled) which contributed Rs 8231.56 Crore to Sales Value (14.46 per cent of Total Sales), Others which contributed Rs 3236.01 Crore to Sales Value (5.68 per cent of Total Sales), Coils & Sheets (Galvanised) which contributed Rs 2054.47 Crore to Sales Value (3.60 per cent of Total Sales), Billets & Blooms which contributed Rs 1488.88 Crore to Sales Value (2.61 per cent of Total Sales), Other Operating Revenue which contributed Rs 669.28 Crore to Sales Value (1.17 per cent of Total Sales), M S/S S Slabs which contributed Rs 620.67 Crore to Sales Value (1.09 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Dr.Vijay Kelkar, Dr.Vinod Nowal, Dr.(Mrs.)Punita Kumar Sinha, Mr.Haigreve Khaitan, Mr.Hiroyuki Ogawa, Mr.Jayant Acharya, Mr.Kannan Vijayaraghavan, Mr.M V S Seshagiri Rao, Mr.Malay Mukherjee, Mr.Sajjan Jindal, Mr.Seturaman Mahalingam, Mrs.P Hemalatha, Mrs.Savitri Devi Jindal.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-06-2017, the company has a total of 2,417,220,440 shares outstanding.
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