CMP: 733

JSW Steel Limited is an integrated steel producer with manufacturing facilities in the southern states of Karnataka and Tamil Nadu and western state of Maharashtra. The Company produces products including hot rolled coils, cold rolled coils, galvanized coils and sheets.

JSW Steel is a decent bet trading at a P/E of little over 12. It runs at a debt of 12,300 Crores with 600 Crores cash in hand. Debt to profits ratio is pretty high at nearly 8 years. But, the steel sector as a whole is a high debt level sector. The only reason i am suggesting JSW Steel is because of better profits in recent quarters. Kindly remember that this is not a evergreen stock. Buy and book profits sooner than later.