Hi,
No expert here but I do not completely agree with what you said, as you’re comparing the existing tailwinds to be the same as the previous ones, India has never been in the place it is today. The amount of capital/infra goods being consumed is at an all-time high and is expected to only grow with the economy due to how stranded we are when it comes to infra compared to other countries…so judging a steel stock only based on the traditional steel cycle metrics won’t work. Think out of the books…
Jan-2024
He is also part of the ruling party now, leaving the opposition right before the elections creating a favourable leadership of like-minded people.
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