Guys have updated my views on valuation of steel companies. Removal of export rebate in China has led to increase in sustainable EBITDA by around Rs5000/t. This has led to step up in valuation band by around 0.5x on P/B. If u will like to read the full note, it is here https://www.goindiastocks.com/blogs/insights?type=Article&id=168
Posts in category All News
INR softens depsite local equities hitting record highs (03-07-2024)
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MMTC Ltd leads gainers in ‘A’ group (03-07-2024)
Subex Ltd, Rallis India Ltd, Castrol India Ltd and MOIL Ltd are among the other gainers in the BSE's 'A' group today, 03 July 2024.
Share price of Colgate-Palmolive falls as Nifty strengthens (03-07-2024)
A total of 1,550 shares changed hands on the counter till 11:57AM (IST).
Deepak’s portfolio requesting feed back (03-07-2024)
Would you please purchase or sale after last PF post and the rationale for the same ?
Share price of SBI Card jumps as Sensex gains 435.67 points (03-07-2024)
A total of 38,132 shares changed hands on the counter till 11:52AM (IST)
V-Mart up 5% after Q1 biz update impresses investors; store sales up 11% (03-07-2024)
Shares of retail chain operator V-Mart Retail jumped as much 4.77 per cent to hit a fresh 52-week high of Rs 3,030.25 per share on Wednesday
India’s long bonds have become a crowded trade, Edelweiss warns (03-07-2024)
Edelweiss Government Securities Fund excels in performance, positioning itself as a market leader. Foreign investors' sustained involvement in Indian sovereign bonds is still uncertain, impacting market dynamics.
HDFC Bank jumps on anticipation of higher MSCI weighting (03-07-2024)
HDFC Bank surged 3.16% to Rs 1785.25 on speculation of a potential increase in its weightage within the MSCI index.
Indian Hotels shares rise 0.06% as Nifty gains (03-07-2024)
The stock quoted a 52-week high price of Rs 663.4 and a 52-week low of Rs 371.45.