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JSW Steel
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Sell JSW Steel: HDFC Securities
Posted by :
ArunadTracked by: 1 Boarder
This is not going to sustain. Selling pressure is too high from FII with Dec redemptions due . Sebi initiative to block close ended schemes is a blow to investors. Such initiatives must be for new schemes. Why such rules are being announced which may affect small investors for long....
In reply to:
Sell JSW Steel: HDFC Securities
Posted by : mintu01254
good recomendation by HDFC securities................what all u think 
Sell JSW Steel: HDFC Securities
Posted by : mintu01254Tracked by: 1 Boarder
good recomendation by HDFC securities................what all u think...
In reply to:
Sell JSW Steel: HDFC Securities
Posted by :
MMB Messenger
HDFC Securities has maintained its sell rating on JSW Steel. There will be increasing stress on margins for JSW Steel going forward due to lower steel prices and unchanged raw material prices, especially for coking coal where its yearly contract is set to expire in March 09.
Sell JSW Steel: HDFC Securities
Posted by : ArunadTracked by: 1 Boarder
Buy,hold reccommondations were from Inhouse broking firms of Jindals or they are giving some other fee based services to Jindal.Analysis of history of group companies should be done before taking any investment decision based on such inhouse brokers advice. Today In nine months value erosion to the extent of more than 85% clearly shows that scrip was not having inherent strength. Steel has melted like icecream and investor is crying for no fault of his except greed....
In reply to:
Sell JSW Steel: HDFC Securities
Posted by : nevis
Painful scrip. At year start it was 1000+ and when it slid below 900 many experts recommended a hold. Either it was hold or buy in small lots. Then it fell to 500 and again hold. At below 200 now, its a sell advise.
Sell JSW Steel: HDFC Securities
Posted by : nevisTracked by: 1 Boarder
Painful scrip. At year start it was 1000+ and when it slid below 900 many experts recommended a hold. Either it was hold or buy in small lots. Then it fell to 500 and again hold. At below 200 now, its a sell advise. ...
In reply to:
Sell JSW Steel: HDFC Securities
Posted by : Guest
Sell JSW Steel: HDFC Securities 28Nov08 article by HDFC Securities is really very absurd. Recommending to sell at the current price of Rs. 189.00 is really very foolish.
HOLD JSW Steel.
Sell JSW Steel: HDFC Securities
Posted by : ArunadTracked by: 1 Boarder
Dear,this is the time to take exit from steel.Wait for new government tobe in place at centre.PM taking over Finance also will not be of any purpose as he may not get time from his daily routine to sort out economic problems. Planning Commission has already asked all state governments to reduce plan expenditure by 10% for next year which clearly means cut in all infra projects. JSW has tobe down to double digit in short term. Avoid loss for some time.Enter again if market improve or after elections id stable government is in place....
In reply to:
Sell JSW Steel: HDFC Securities
Posted by : Guest
Sell JSW Steel: HDFC Securities 28Nov08 article by HDFC Securities is really very absurd. Recommending to sell at the current price of Rs. 189.00 is really very foolish.
HOLD JSW Steel.
Sell JSW Steel: HDFC Securities
Posted by : GuestTracked by: 1 Boarder
Sell JSW Steel: HDFC Securities 28Nov08 article by HDFC Securities is really very absurd. Recommending to sell at the current price of Rs. 189.00 is really very foolish.
HOLD JSW Steel....
In reply to:
Sell JSW Steel: HDFC Securities
Posted by : MMB Messenger
HDFC Securities has maintained its sell rating on JSW Steel. There will be increasing stress on margins for JSW Steel going forward due to lower steel prices and unchanged raw material prices, especially for coking coal where its yearly contract is set to expire in March 09.
Sell JSW Steel: HDFC Securities
Posted by : MMB MessengerTracked by: 1 Boarder
HDFC Securities has maintained its sell rating on JSW Steel. There will be increasing stress on margins for JSW Steel going forward due to lower steel prices and unchanged raw material prices, especially for coking coal where its yearly contract is set to expire in March 09....
JSW STEEL Says To Reduce Total Production By About 20 Pct From November
Posted by : ArunadTracked by: 0 Boarder
These are all statements to protect further downfall and to satisfy paniking bankers. Institutions have already stopped further disbursments awaiting earlier payments of due dates as per settlements arrived earlier in CDR. 89th day steel companies have already informed to restructure due payments. Bankers have approached RBI to change the provisioning guidelines to save their balance sheets on defaults/restructure of due payment of steel companies.Sales growth at subsidiaries in foreighn are paper trades,resulting in better turnover every year.It will be coming to double digit in short time.Reenter at that time after seeing demand increase of flat steel.Til that time say good bye to JSW and be happy....
In reply to:
JSW STEEL Says To Reduce Total Production By About 20 Pct From November
Posted by : Chander55
Economic Times, Delhi Edition, today gives following news:
JSW Steel expects 12% rise in sales
JSW Steel, India’s second largest private steelmaker, expects a 10-12% growth in sales during 2008-09 even as it slashed production by up to 20% early this month. The company has no plans to cut production further and will start operating at full capacity from January ’09 onwards.
“We clocked 18% growth in sales during the first half of current fiscal and expect close to 12% growth for the entire fiscal,” JSW Steel managing director Sajjan Jindal said.
JSW STEEL Says To Reduce Total Production By About 20 Pct From November
Posted by : Chander55Tracked by: 0 Boarder
Economic Times, Delhi Edition, today gives following news:
JSW Steel expects 12% rise in sales
JSW Steel, India’s second largest private steelmaker, expects a 10-12% growth in sales during 2008-09 even as it slashed production by up to 20% early this month. The company has no plans to cut production further and will start operating at full capacity from January ’09 onwards.
“We clocked 18% growth in sales during the first half of current fiscal and expect close to 12% growth for the entire fiscal,” JSW Steel managing director Sajjan Jindal said. ...
In reply to:
JSW STEEL Says To Reduce Total Production By About 20 Pct From November
Posted by : nevis
Nothing is favourable for business now, and especially for the steel sector. When you say management`s motives - are you talking about the 20% reduction or the new plant in WB or something else ?
Steel Billet-LME June08-1200;Today 280
Posted by : HK65Tracked by: 0 Boarder
I am accepting your short term views over Jsw price and I know it may go down to 10% of its peak, i.e. nearly 155 and at the same time it may give a jurk below that too.. Interestingly all metal shares are subjected to high bear pressure, despite the fact that the low prices will help to increase the demands. Steel producers are not discounting the cheap raw material and fuel, they want to reduce their burden off to consumers but ultimately they will have to face the reality and make discounts in the line of international prices.
Govt at the same time giving excuse of covering losses due to high prices and not reducing fuel prices, infact basic support of the inflation is the fuel and once they make the changes in their policy, things will be much better.
Indian engine is not going to stop even if the Americans slow down, our own population and internal strength is not yet bad......
In reply to:
Steel Billet-LME June08-1200;Today 280
Posted by : Arunad
Dear, you are correct but r u aware that similar products as that of JSW i.e. HR Coils are being shipped at 450 USD from Ukraine and China. 5 % custom duty and ruppee going to touch 51 might be a good sign in short term but still HRC price for imported landed being at 27000 is with gap of more than 7000 than Indian HRC of sail,tata,JSW,ispat etc.Thus still prices are being considered more and Market is reacting towards it with resistance. Chidambaram has acted against the wish list of steel industry as Industry had also acted against his wishes when market prices were asked not to increase but Industry acted against it,profittering at the cost of Public.JSW is heading for below 200 and my advice to investors in this scrip is for EXIT now or suffer huge loss further.
Steel Billet-LME June08-1200;Today 280
Posted by : ArunadTracked by: 0 Boarder
Dear, you are correct but r u aware that similar products as that of JSW i.e. HR Coils are being shipped at 450 USD from Ukraine and China. 5 % custom duty and ruppee going to touch 51 might be a good sign in short term but still HRC price for imported landed being at 27000 is with gap of more than 7000 than Indian HRC of sail,tata,JSW,ispat etc.Thus still prices are being considered more and Market is reacting towards it with resistance. Chidambaram has acted against the wish list of steel industry as Industry had also acted against his wishes when market prices were asked not to increase but Industry acted against it,profittering at the cost of Public.JSW is heading for below 200 and my advice to investors in this scrip is for EXIT now or suffer huge loss further....
In reply to:
Steel Billet-LME June08-1200;Today 280
Posted by : HK65
It was at $250 ( bottom bedore 10 days ) went to $400 and now consolidating between 325 to 350... recheck, the graph is available over LME and it never reached 243 as you mentioned.
These are never matched with our Indian markets where its still much on higher side.... Its a time of sudden breaks applied to all projects in over blown fear... I repeat over blown fear.. those are the traders of fear at the centre of the criminal.. wait till the dust settles but the opportunity will not be there, it will follow the dust... :))
Steel Billet-LME June08-1200;Today 280
Posted by : HK65Tracked by: 0 Boarder
It was at $250 ( bottom bedore 10 days ) went to $400 and now consolidating between 325 to 350... recheck, the graph is available over LME and it never reached 243 as you mentioned.
These are never matched with our Indian markets where its still much on higher side.... Its a time of sudden breaks applied to all projects in over blown fear... I repeat over blown fear.. those are the traders of fear at the centre of the criminal.. wait till the dust settles but the opportunity will not be there, it will follow the dust... :))...
In reply to:
Steel Billet-LME June08-1200;Today 280
Posted by : Arunad
So today it is further down to 243, still it is expected tobe down further by another 30% in next 30 days. Steel prices are going down,sales are not upto the mark. Demand projections can not be met.Ukraine and China steel prices are ruling around 450USD. JSW,Bhushan,Tisco,Uttam etc all are facing problem.Sail has stock of more than 10lac MT finished steel.Imagine value erosion.Better exit and wait for oppertunity.
Steel Billet-LME June08-1200;Today 280
Posted by : ArunadTracked by: 0 Boarder
So today it is further down to 243, still it is expected tobe down further by another 30% in next 30 days. Steel prices are going down,sales are not upto the mark. Demand projections can not be met.Ukraine and China steel prices are ruling around 450USD. JSW,Bhushan,Tisco,Uttam etc all are facing problem.Sail has stock of more than 10lac MT finished steel.Imagine value erosion.Better exit and wait for oppertunity....
In reply to:
Steel Billet-LME June08-1200;Today 280
Posted by : HK65
Friend,
Cheap steel is surely a good sign for emerging economy like India and at the same time its little hard for steel companies during the current termoil. Its a cycle, JSW touched 180+ in 2006 and again in 2008.. demand will rise once again due to cheap prices and the as a result the prices of steel will bounce back.
Human race can not do anything without steel... :))
So be a little optimistic.. don`t fall prey to all these analysts... world population is rising and so the need of steel will.. let them bark to ward you off... try to get in at the bargain rates..
If not ... Go and build your house soon, before it gets out of the reach...
It has already bounced back from 250 and now at 400 on LME.. check.
BSE Announcements on JSW Steel
Posted by : MMB MessengerTracked by: 0 Boarder
JSW Steel Ltd has informed BSE regarding a Press Release dated November 17, 2008 titled "JSW Building Systems Ltd enters into JV with Severfield Reeve Structures Ltd of UK"...
NSE Announcements on JSW Steel
Posted by : MMB MessengerTracked by: 0 Boarder
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