Technology

Outlook & Valuation: We have positive view on steel and power sectors on long term basis and expect JSPL to perform well in coming years owing to ramp up of Angul plant and realization in steel segment. We also expect power segment to perform well on account of improving power demand situation and various effort by GoI for availability of fuel to power generator. We maintain our Buy recommendation with target Price of Rs320 with a potential upside of 82%.

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