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jalunmWatch and Join FREE blog for long term portfolios : jalunm.blogspot.c om...
which is better level to enter this?
Posted by :
SM_1
JSW Steel Ltd, India`s No. 3 steel producer, said on Wednesday its October crude steel production rose 34% to 453,000 tonnes on year.
Production of flat products, used in automobiles, rose 19% to 296,000 tonnes, while long products, used in construction and railway lines, rose 145% to 75,000 tonnes, it said in a statement.
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which is better level to enter this?
Posted by : ArunadDay before Y`day,all steel producers have reduced flat steel prices by 1500/MT,that is around 5% on 30000/MT. Just imagine the oppertunity and profit fall.Better to remain away from speculation and enter once market settles down....
which is better level to enter this?
Posted by : SM_1Current price is good to enter, It will touch Rs 900 within a month....
which is better level to enter this?
Posted by : ArunadI think 630 is the leval to enter....
NSE Announcements on JSW Steel
Posted by : MMB MessengerJsw Steel Limited has informed the Exchange regarding a press release dated November 04, 2009, titled "JSW posts 34% increase in Crude steel production for October 2009". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
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....
