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KEI Industries, Deeapk Nitrite and Kalyani Steel are on the radar of Anand Rathi Share and Stock Brokers
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Bharat Forge,Sonata Software and Kalyani Steel are on the radar of Anand Rathi Share and Stock Brokers
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Ashwani Gujral of ashwanigujral.com recommends buying Gujarat Fluorochemicals, Motilal Oswal, Jindal Saw and Asian Paints.
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Chinese politicians, on Wednesday, have asked for 100 million tonnes of sub-standard steel capacity to be cut. Earlier, the country had decided on a 50 million tonne capacity cut.
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Raising concerns over the price cut, Ankit Miglani, Deputy Managing Director, Uttam Galva says “every month prices will correct downward in near future until the global prices stop fallingâ€.
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They may have finally got the SC's green signal, but Karnataka's mines are still not functioning in full force. So far 77 mines have implemented Reclamation & Rehabilitation, which is a prerequisite to restart mining, but only 19 have started operations.
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Here's how small cap stocks opened on September 24
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Here's how small cap stocks open on August 12
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Small cap stocks open flat on July 25
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In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Suntech Wealthmax shares trading strategy of the day.
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Supreme Court‘s decision of allowing mining in Category B mines in Karnataka will give little relief to Sesa Goa because most of its operations are in Goa, which is still shut and they have little capacity in Karnataka, Abhisar Jain of Centrum Broking said.
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The Supreme Court (SC) on Thursday lifted a one-and-a-half-year old iron ore mining ban in Karnataka, spiking the shares of mining companies between 2-15 percent.
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In an interview to CNBC-TV18, RK Goyal, managing director, Kalyani Steel explains how the steel industry is suffering due to the lack of iron ore. He says a catch-22 situation exists in the industry.
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RK Goyal, MD of Kalyani Steel said the R&R plans are currently being implemented for category-A mines. Post regulatory clearances ore from the category-A mines are going to flow into the business, he added. He also expects 4.5 million tonne of ore to come from category-A mines in the next 12 months.
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RK Goyal, managing director of Kalyani Steel said, it appears that all the A category mines, which are cleared by CEC, have to comply with all the regulations including the environmental clearance.
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SP Tulsian, sptulsian.com shares his on Sesa Goa and Kalyani Steel.
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Karnataka has recommended the approval of eight iron ore mines. RK Goyal, MD of Kalyani Steel said that these mines had to follow the rehabilitation and resettlement process, in accordance with the Supreme Court directive. Although, they have been cleared, only some mines are expected to start operations from mid-August.
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Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
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Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
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Kalyani Steel has target of Rs 75, says SP Tulsian, sptulsian.com.
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SP Tulsian of sptulsian.com analyses stocks like IGL, Exide, GVK, Reliance, Asahi India Glass, Kalyani Steel and Nagarjuna Construction.
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RK Goyal, managing director , Kalyani Steel, told CNBC-TV18 that the Supreme Court‘s in-principle acceptance of the CEC report was a positive sign that the restoration and rehabilitation plan at mines could be implemented.
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CNBC-TV18 brings you a brand new week of Bull's Eye. It's the popular game show where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
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Speaking to CNBC-TV18, RK Goyal, the managing director of Kalyani Steel says that even post the Supreme Court order revoking the ban on mining in Karnataka, it might take a good three-five months before iron ore is actually made available.
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The Finance Ministry on Monday hiked the export duty on iron ore to 30%. In an interview to CNBC-TV18, RK Goyal, managing director of Kalyani Steel says, it is a very good step by the government.
