FinWin: Jindal Saw Limited

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The author of this blog isn't a certified financial advisor or a certified financial planner. Please consult a qualified financial planner / certified financial advisor before taking any actual investment decisions. Views expressed on investments is purely authors own opinion / experience and shouldn't be construed as an investment advice. All information on this blog is just a point of view from authors perspective merely for educational and informational purpose only.
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Friday, October 16, 2009

Jindal Saw Limited

FinWin is recommending buy on Jindal Saw Limited as a Quick Pick for Short Term.

I will post more detailed analysis soon.

Short Synopsis:
CMP: 741
EPS: 58
P/E Ratio: 13
BV: 532
P/Book: 1.4
3 Yr CAGR Sales Growth (%) : 30.x
3Yr CAGR Profit Growth (%) : 50

Buy at CMP with stop loss of Rs. 700*
Risk reward ratio: 1:3
TGT: 15 - 20 % in next 1-3 months time horizon
T1: 800, T2: 825, T3: 850

*By oversight I didn't put stop loss in the morning, fortunately trade did go our way, since it has now closed at 789 you can move stop loss to recommended buy level / purchase price this will help you protect the capital going ahead.
Disclaimer:
Please note that the stocks in Quick Pick segment can give a POP of +/- 10-15 % and is purely speculative in nature. This is reccomendation for a person with High Risk appetite and its very risky proposition.