On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.
Chintan Mehta of Sunidhi Securities feels JSPL has received good valuations and the deal will prove to be earnings per share (EPS) accretive
Analysts estimate close to 10 million tonne of iron ore was lying idle at these mines after the ban which was imposed a couple of years ago.
Sources also say the company is reviewing other European operations in a bid to identify non-performing assets and sell the same
In an interview with CNBC-TV18, Chintan Mehta of Sunidhi Securities says overall demand needs to improve to bridge gap between Indian steel and imported steel from Japan, Korea and China.
Speaking to CNBC-TV18, Chintan Mehta, Metal Analyst, Sunidhi Securities says many power plants now have an ideal inventory of 20 days against an inventory of three to four days earlier.
Chintan Mehta of Sunidhi Securities says a merger will be beneficial for Vedanta. The merger timing is right for Vedanta as the share prices of both the companies are almost the same.
Watch the interview of Monal Desai of Sunidhi Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
Sunidhi Securities is bullish on Pearl Global Industries (PGIL) and has recommended a 'Buy' rating on the stock with a target price of Rs 380 in its research report.
Sunidhi Securities is bullish on Nandan Denim and has recommended a 'Buy' rating on the stock with a target price of Rs 110 in its research report.
Sunidhi Securities is bullish on Sintex Industries and has recommended a 'Buy' rating on the stock with a target price of Rs 163 in its research report dated May 12, 2015.
In an interview to CNBC-TV18, Chintan Mehta, Metal Analyst, Sunidhi Securities shares his views on metals and his preferred stocks going ahead.
Chintan Mehta, metal analyst at Sunidhi Securities is bullish on Tata Steel and JSW Steel.
Sunidhi Securities is bullish on Claris Lifesciences and has recommended a 'Buy' rating on the stock with a target price of Rs 412 in its research report dated May 04, 2015.
Watch the interview of Monal Desai of Sunidhi Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Brokerage house Sunidhi Securities is bullish on ISGEC Heavy Engineering and has recommended buy rating on the stock with a target price of Rs 11445 in its research report dated April 06, 2015.
Chintan Mehta, metal analyst at Sunidhi Securities is of the view that one may look at Hindalco Industries.
Chintan Mehta, Metal Analyst, Sunidhi Securities believes it will be a positive for metal manufacturers who don't have captive mines but could be a set back for players like NMDC
Sunidhi Securities expects the savings in subsidy burden mainly due to the fall of crude prices, to be diverted towards capital spending which will help to kick start the investment cycle to some extent though much will depend on reform agenda and policies to push investments into the economy.
Chintan J Mehta, Sunidhi Securities says JSPL has applied for IV/7 which erstwhile belonged to Sharda. If it wins IV/7, margins will not be affected much, but if it has to go for e-auction route perhaps margins could come down
Watch the interview of Monal Desai of Sunidhi Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Watch the interview of Monal Desai of Sunidhi Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Watch the interview of Monal Desai of Sunidhi Securities with Ekta Batra and Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Monal Desai of Sunidhi Securities suggests buying Havells India.
Monal Desai of Sunidhi Securities feels that Reliance Industries may test Rs 930.