jsw steel (DeutscheBank) 4Q results surprise positively

4Q'FY11 operating results ahead of estimates; maintain Buy; Articulation of expansion strategy results in higher capex guidance; Ispat turnaround making steady progress; delivery on cost saving initiatives to boost investor confidence; TP of INR1,215/share based on SOTP methodology
Date Rating Target Price Recommendation Price Broker house
17 May 2011 buy 1216 921 DeutscheBank Report

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