There is always apoint at which price is no justified. Today you can buy Tata Steel and have Rs 15000 Crores spare with money for Jubdal. Mind you Tata steel has operations in more than 1 country!
Just get out. It is heavily over valued. I see fair value around 400 levels in 3 months.
Hold this counter tight.i do understand lookign at PE ratio and all those analytical fundas it is very overvalued..but also look at cash reserves with thing company which justifies everything. anyways by next moneth you will see the DHRP being filed to list Jindal Steel Power (JSP) and this shares rising to new levels again.
There is lot of action left in JWS steel,JSW holding and ofcourse Jindal steel and power.......
dont losse ur delviery
| NIFTY 
