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Hold Onto JSW Steel

JSW Steel is expected to be hit by rising coke prices, but the company's prospects are still bright...

I had bought 10 shares of JSW Steel for Rs483.95 (on May 19, 2009). I expected to sell them at around Rs1,500, but after peaking at Rs1,400 the stock seems to have lost its steam. Of late it has been hovering at around Rs1,000-1,050. Should I hold on to the shares or sell half or all now?
- Subhankar Bose

This article was originally published on May 11, 2011.


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