JINDAL STEEL AND POWER (BSE: 532286)

CMP: 13487
TGT: 17900
DURATION: 3 months

Jindal steel and power trading at 15884, made a high of 16590 last week. This stock looks expensive to many people but with stock split on its way there is lot of room left in this stock to reach new highs. The record date for stock split is 27th December, 2007. Stock split in the ratio 1:5. Experts and brokerage houses are bullish on steel sector.