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Tuesday, March 08, 2016

Jindal Steel and Power: Buy
Buy Jindal Steel and Power Ltd at Rs.66-66.5, T-Rs.84+, SL--Rs.61.

According to media reports, Naveen Jindal-promoted Jindal Steel & Power Limited (JSPL) is in advanced discussions with Adani Group to sell its power generating subsidiary - Jindal Power (JPL).

Moreover, when most of the steel counters are moving up at this moment, then this stock should also follow the pattern---therefore strong buy recommendation.

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