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Kalyani Steels

auro_1986
Silver Member

1050 Messages

It had become a known cycle for this stock. It will hit 90-100 mark once in 5-7yrs and then go back up till 450 and then again go down. No strength at all to go beyond that level. Not surprising at all as its revenue has remained stagnant over the last 3-4years, no EPS expansion. No plans of large capex initiatives. Just sitting with the same things over the years. Im invested from very lower levels so it wont hurt but those who have invested at higher levels be careful bcs there wont be any surprises in terms of EPS, Profitability, ROA, ROE so prices wont go up. 450 seems to be the top for next 1-2years at least and then anyway bear cycle is going to kick in.

1.37 PM Sep 21st
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