Wednesday, 06 Jul 2011
Deutsche Bank has restarted Jindal Steel & Power with a buy rating and set a target of INR 800 on improving outlook and favorable reforms in a few of the large power consuming states of India that have led to a double digit surge in all India power demand and JSPL could be a prime beneficiary.
The bank said that Jindal Steel is well placed to capitalize from its 1.2 billion tonnes of low cost captive coal assets. (sourced from ET)
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