jindal steel and power (Citi) Upgrade to Buy: The Power of Steel

Upgrade to Buy (1L) from Hold (2L), Top pick in conglomerates; Hedged business model (though tilted towards power) implies low risk, moderate returns; Target price and earnings revision
Date Rating Target Price Recommendation Price Broker house
5 May 2011 buy 726 (from 676) 615 Citi Report

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