Agarwal told CNBC-TV18, "One should continue holding JSW Steel. Our price target for this stock in the next six-nine months is around Rs 900. If you look at the valuations, it is trading at a P/E of around 10 times its earnings, which we think is quite reasonable considering the kind of mines, the kind of projects this company has. Although the overhang of the mining ban and all is going to continue for some more time in the near future and any positive or negative newsflow from that front is going to give the direction for the stock price but that is for the short-term."He further added, "We believe that any fall to the range of around Rs 680-700 would be a good price to accumulate and with a price target of Rs 900 in next six-nine months. So I would suggest a buy on dips kind of strategy on the stock."
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