Short term;take exit at present price.Markets for flat steel badly affected by international down trend specialy China.HRC prices have come down to 460 USD from 580 USD. Coke prices have gone up.Domestic market for flat steel has not yet picked up.My target for short term will be 700 in two month.
JSW STEELS LTD is to post 25 to 30 % GROWTH in PROFIT for the Q2 tomorrow. So it is good to buy it at around 875 RS tomorrow for immediate short term target of around 920 to 930 RS.So buy JSW STEELS LTD tomorrow.BEST OF LUCK TO ALL THE INVESTORS OF JSW STEELS LTD.
No you are totally wrong. Having made a RECORD STEEL PRODUCTION at AUGUST ,JSW STEELS is going to book 25 TO 35 % GROWTH IN Q2 PROFITS tomorrow. So it is advised to buy at around 875 RS tomorrow, for an immediate target of 925 to 930 RS.
Having made a RECORD STEEL PRODUCTION at AUGUST and also having mode 54 % HIGHEST CRUDE STEEL PRODUCTION in THIS SECOND QUARTER Q2 ,JSW STEELS is going to book 25 TO 35 % PROFIT GROWTH IN Q2 YOY tomorrow. So it is advised to buy at around 875 RS tomorrow, for an immediate target of 925 to 930 RS.
Yes i too agree tha fact that JSW STEEL is going to post excellent SECOND QUARTER RESULTS today. Buy it in the morning at 870 to 880 RS for shoart term target of 950 to 960 RS.
Just increase in production do not convert into profits.Profitability increases with better pricing.If market is not supporting than decrease in profit will end up into loss on increased production.Still understand steel market and take exit.To understand more on steel ,visit steelguru dot com.
As i told , JSW STEELS LTD has posted better than expected Q2 PROFITS today.
Ok, and i dont need to learn the steel market as iam already in here for the past 25 years.
Dont try to dictate terms to others with 0 % knowledge.
So today it is @835, why its going down with such better results. Your 25 years experience in Steel is not going to yield profits but may give losses to many.Knowledge @0% may be your thought but I know the subject much much better than you.
Dear arunad And Seni,
Both of you are correct in your own respect. No one should try to belittle each other. The results are great, no two thoughts about it. Infact the cash flow indicates a very healthy trend. You can not think if there is growth , what can be the EPS for it. Dont forget it is another Jindal co. run by another brother.
Regarding the price movement in the other direction, please understand that there is correction in the market. Further there is always some correction expected after the results untill and unless there is enough surprise element. So it is natural that the price will correct. I am sure that this company has the potential to make new high every quater for quite some time to come. I think we should respect each other for we are only in a game of money, which brings us on this platform.
Thanks dear DKS. This Jindal company may generate huge profits for shareholders in next few qtrs. I had just put my views on short term. Corrections may have brought down to some extent.Still I am expecting further downfall in view of product prices in International market and demand recession in domestic as well as international market.
If your understanding of steel market is so strong ...then enture sector has to be on down trend ..Why jindal steel is moving up ...590 to 600..650..740 and still around 700..
| NIFTY 
