We need to see in broader perspective, AGI is expanding capacity by 120 ton which is close to 13%. Delay in HNG or even scrapping of HNG will increase prices and margins will rise further. I still believe paying 2200 cr for defunct furnaces is not a good option, delay in HNG aquisition and HNG dying its own death is only beneficial to AGI. No merit in aquisition at this price now. Any decision will trigger stock upside. In case AGI further bids agressive and raise bid price than that is a clear trigger for an exit.
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