Can you please let me know your views on JSW Steel and Jindal Poly films.
1.JINDAL STEEL & POWER LTD is a 1 rupee face value steel and power company so i think valuation of JINDAL STEEL & POWER LTD is very high because if we compare currant price 579 to 10 rupee face value than it is 5790.
2.JSW is one of the most favorite stock of FII in June 09 total 259 FII hold 29.63 percent stake in JSW steel FII reduce there holding in june 2011 FII hold 24.14 % stake in jsw steel, and this is the main reason that JSW steel traded at high price compare to tata steel.
promoter holding 37.71 %
3.year high of JSW steel is 735 and year low 441.55 .
4. in mining fraud jsw steel denies lokayukta reports allegation read detail at BSE site from this link
5. overall my view is negative for jsw steel due to low face value, govt policy for mining companies and reducing FII stake , i have no any stock of company.
PLEASE ASK ONLY ONE STOCK AT A TIME SO CLICK HERE TO READ FORMER VIEW ON JINDAL POLY FILMS LTD