Stock market analysts have maintained 'buy' rating on Jindal Saw Ltd with an intraday target of Rs 845.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 800.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 860.

Shares of the company, on Wednesday (Nov 18), closed at Rs 838.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 856 and a low of Rs 135 on BSE.

Current EPS & P/E ratio of the stock stood at 89.12 & 9.50.

Jindal Saw posted a phenomenal growth in its standalone net profit for the three month period ended September 30, 2009.

During the period under review, the company's net profit surged 46.31% to Rs 1,464.3 million as against Rs 1,000.8 million during the corresponding period of the last year.

Net sales during the quarter fell 7.74% to Rs 13,704.8 million, whereas total income during the quarter declined 7.63% to Rs 13,728.5 million.

The company recorded an EPS of Rs 27.58 per share, recording 46.78% growth over previous year period.

Moreover, the company said that it has decided to sub-divide the par value of its equity shares of Rs 10 each into Rs 2 per share.

The company's directors have given their permission in the abovementioned manner.