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BSE Announcements on JSW Steel
Posted by :
MMB MessengerJSW Steel Ltd has informed BSE regarding a Press Release dated November 04, 2009 titled "JSW posts 34% increase in Crude steel production for October 2009"...
which is better level to enter this?
Posted by :
pkumar73which is better level to enter this stock?...
Stock choice
Posted by : dks58Looking in to the postings given by mr. seni is very apt, but in JSPL the story that is unfolding is the power business, which will support them going in the next few quarters, the steel which is a part of commodity cycle seems to be still some time away, to that extent Jsw steel will find it difficult, but as the expansion is on, which will be also in power is a little longer story. I hold stocks in JSW and not in JSPL ...
Its good buying opportunity now as it will touch 900 soon...
Advise
Posted by : ArunadToday,SAIL and all steel producers have reduced flat steel HRC prices from 1000/1500 per MT i.e. approx 3/4 %. Steel Industry having around 7/8% GP level will have very severe effect on profitability.My target of 700 is not too far and may be achieved in one or two sessions....
Reasons:
1.Flat steel..HRC import has been placed under restriction by GOI for last 6 months.Result is restricted quantity being imported on Global prices.Balance demand being met by incresing prices by domestic players.
2.Unconfirmed reports says that Unofficial Cartel of all main producers is working in Indian steel market creating artificial shortages and demands.result is undue advantages in profits.
3.The Interest rates for ECB/EPC related to LIBOR has gone down to around 3/4%.
4.All these are short term in view of present Govt policy.But once Global market imports are open,prices will fall and will have effect on these companies also.Check with results of ISPAT in view of this as well as Global players like TATA and ARCELOR as well as POSCO etc.
5.Check with Export earnings of JSW as and when data is published.I think it will be down during these qtrs.
6.Redemption pressures will be there on FIIs after Nov as such I think that during Dec JSW will be below my target.
7.JSW interst on borrowings is increasing b,cas of number of projects in pipeline or at an advance stage of implementation besides few projects are being held up or delayed with WIP growth which may have some effect in its nett earnings.
Stock market quotes increasing/decreasing all depends with speculations and other factors.Why it is going up,I have no comments. ...
Stock choice
Posted by :
ChakravyuhWhich of JSW Steel or Jindal Steel & Power is the better share....
Advise
Posted by : kvasisth
Dear Seni and Arunad
If your understanding of steel market is so strong ...then enture sector has to be on down trend ..Why jindal steel is moving up ...590 to 600..650..740 and still around 700..
Why so ...Pls put a light on it.......
Advise
Posted by : ArunadThanks dear DKS. This Jindal company may generate huge profits for shareholders in next few qtrs. I had just put my views on short term. Corrections may have brought down to some extent.Still I am expecting further downfall in view of product prices in International market and demand recession in domestic as well as international market....
Dear arunad And Seni,
Both of you are correct in your own respect. No one should try to belittle each other. The results are great, no two thoughts about it. Infact the cash flow indicates a very healthy trend. You can not think if there is growth , what can be the EPS for it. Dont forget it is another Jindal co. run by another brother.
Regarding the price movement in the other direction, please understand that there is correction in the market. Further there is always some correction expected after the results untill and unless there is enough surprise element. So it is natural that the price will correct. I am sure that this company has the potential to make new high every quater for quite some time to come. I think we should respect each other for we are only in a game of money, which brings us on this platform. ...
