JSPL hits new high, again!

Jindal Steel & Power had hit a new high yesterday at Rs.102.60 and today too, it hit a new high at Rs.10.6.70. The stock remains amongst the top three gainers on the BSE.

Based on expectations of financial turnaround, brokerage house, Kotak has put out a report, giving a “buy” call, revising it from the earlier “sell”.

Kotak has said that with the commissioning of its 3.2 mtpa blast furnace at Angul operations, in the next 1-2 years, it will bounce back financially.