US recently announced heavy duties to be imposed on Chinese imports into US viz . EV batteries, cars, solar cells, aluminium among others . With these duties the export to US will be impacted so the next big market for chinese to dump the extra production will be india .
EV and batteries uses shunts, so if cheap producta from china are getting flooded into the market than domestic demand for shunts will be affected unless India also announces similar duties like US or YS lifts these duties, both look unlikely at the moment. This is one of the main reasons i think SBCL is see a price correction
Shivalik has had a tremendous run and the long term prospects look good, not to forget that shunts are also used in electric meters and many cities are looking to adapt these smart meters
Disc : not sebi registered . Not a buy/sell recommendation
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