Previously shared this as a value pick around Rs83.
The companies steel plant is progressing well and is now a disinvestment target. Beyond that their core business of iron ore is booming w the steel cycle being strong. They this week increased ore prices again.
The stock has just broken out of a long term downward channel. Buy at CMP but the SL is deeper than the usual 117.
This stock could keep up its momentum in the coming weeks and also announce a super dividend in March 2021.
The companies steel plant is progressing well and is now a disinvestment target. Beyond that their core business of iron ore is booming w the steel cycle being strong. They this week increased ore prices again.
The stock has just broken out of a long term downward channel. Buy at CMP but the SL is deeper than the usual 117.
This stock could keep up its momentum in the coming weeks and also announce a super dividend in March 2021.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.