Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bharti Airtel, Castrol India and Aurobindo Pharma and can buy CESC, JSW Steel, Dabur India, Dewan Housing Finance, Reliance Industries and Zee Entertainment.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Infosys and buy Balkrishna Industries and JSW Steel.
Rahul Shah of Motilal Oswal recommends buying HDFC Bank, JSW Steel and Fortis Healthcare.
While the consolidation is certainly on the cards, it will be interesting to see who all bags some of these assets. With the improved outlook for steel, sellers are gaining bargaining power.
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According to the regulator, one investor complaint was pending against JSW Steel as on March 25, 2015 relating to non-receipt of shares after transfer.
"The noticee (JSW Steel), being a listed company failed to redress the complaint satisfactorily even after repeated complaints by the complainant for the same complaint," the Securities and Exchange Board of India (Sebi) said in an order.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JSW Steel and Wockhardt and buy Thomas Cook.
Sudarshan Sukhani of s2analytics.com suggests buying Tech Mahindra, JSW Steel and SREI Infra and advises selling Sun TV Network and Dr Reddy’s Laboratories.
The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini. The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).
Sandeep Wagle of powermywealth.com recommends buying JSW Steel and Maruti Suzuki.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ceat and buy JSW Steel and Cadila Healthcare.
CNBC-TV18’s Nigel D'souza is in conversation with JSW Steel's Joint MD & Group CFO Seshagiri Rao on the side-lines of the Centrum Symposium on steel. Internationally steel prices went up further therefore there is a scope for Indian steel prices to go up, he said.
Rahul Shah of Motilal Oswal is of the view that one can buy JSW Steel and Dewan Housing Finance and short Biocon.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Jubilant Foodworks, JSW Steel, BEML and Emami and sell Glenmark Pharma.
Mitessh Thakkar of miteshthacker.com is of the view that metal stocks like Hindustan Zinc, JSW Steel and Hindalco Industries should see upside momentum.
Morgan Stanley’s calculations show that domestic mutual fund assets could catapult to USD 1 trillion in the coming decade from USD 100 billion currently, underpinning the scale problem.
Chandan Taparia of Motilal Oswal Securities recommends buying State Bank of India, Petronet LNG and Hindalco Industries.
ICICI Direct has recommended Buy rating on JSW Steel with a target price of Rs 240 in its research report dated August 02, 2017.
Nifty likely to follow ‘Papa Dow’ which is riding the bull for last 8 years
ICICI Direct recommended buy rating on JSW Steel with a target price of Rs 240 in its research report dated August 02, 2017.
Krish Subramanyam of Altamount Capital is of the view that one can buy Adani Enterprises August futures and sell 145 Call.
Motilal Oswal is bullish on JSW Steel has recommended buy rating on the stock with a target price of Rs 297 in its research report dated August 01, 2017.
This was evident in the results that saw raw material costs increasing by 55.4% to Rs 9020 crore largely led by higher iron ore and ferro chrome prices along with power costs. During the quarter ended June 2017, JSW Steel reported close to 20% year on year (yoy) decline in EBIDTA to Rs 2,198 crore.
Ashwani Gujral of ashwanigujral.com suggests buying Balrampur Chini, Motherson Sumi Systems and GSFC.