Stock Martket BSE » JSW Steel

Free Intraday Stock Tips – 28 April 2010

admin — Wed, 28 Apr 2010 03:27:35 +0000

Buy Lanco Infratech around Rs 59.70-61.50, stop loss Rs 58.75, book profit at Rs 64.30-68.80

Sell Suzlon Energy around Rs 71-70.60, stop loss Rs 71.30, cover short at Rs 69.80-68.60

Sell Tata Steel with stop loss of Rs 660 for targets of Rs 620-Rs 610

Sell JSW Steel with stop loss of Rs 1230 for targets of Rs 1144-Rs 1100

JSW STEEL – Ambit Capital Stock Tips

admin — Mon, 16 Nov 2009 03:05:57 +0000

JSW STEEL
Reco price: Rs 849
Current market price: Rs 896.50
Target price: Rs 980
Upside: 9.3%
Brokerage: Ambit Capital

JSW Steel is expected to witness strong growth momentum over the next few years driven by the new 3 million tonne per annum (mtpa) crude steel capacity commissioned in April 2009 and 3.2 mtpa expansion expected by March 2011. Hence, its turnover is expected to grow by 26 per cent annually during FY09-12. Realisation is also expected to improve by 2 per cent due to better mix as the share of semi-products will come down from 25 per cent of total sales in FY10 to 10 per cent in FY11. Also, margins will improve marginally as a result of captive iron ore mines.

Thus, EBITDA would grow faster by 35 per cent over FY09-12. During the same period, adjusted net profits should register a healthy 37 per cent growth annually. Regarding its debt-equity, the brokerage says that JSW Steel is in negotiations with its lenders to obtain waivers for past covenant defaults and relax terms linked to its loans. Some lenders have already agreed. It expects the net debt- equity to fall from 2 times in FY09 to 1.8 times in FY11. The brokerage has a target price of Rs 980, which is based on forward EV/EBITDA multiple of 6 times.

Free Intraday Stock Tips – 9th Oct 09

admin — Fri, 09 Oct 2009 03:38:58 +0000

Sell HCL Tech, last close at Rs 298.85, sell around Rs 302.60-Rs 308.20, stop loss of Rs 312, cover short at Rs 293.30-Rs 278.30

Buy HDIL, last close Rs 363.10, buy around Rs 356.20-Rs 345.50, stop loss Rs 338, book profit at Rs 373-Rs 402

Buy JSW Steel with stop loss of Rs 870 for a target of Rs 990

Buy Sterlite Industries with stop loss of Rs 780 for a target of Rs 900

Sell HCL Tech, last close at Rs 298.85, sell around Rs 302.60-Rs 308.20, stop loss of Rs 312, cover short at Rs 293.30-Rs 278.30

Buy HDIL, last close Rs 363.10, buy around Rs 356.20-Rs 345.50, stop loss Rs 338, book profit at Rs 373-Rs 402

Buy JSW Steel with stop loss of Rs 870 for a target of Rs 990

Buy Sterlite Industries with stop loss of Rs 780 for a target of Rs 900

Free intraday tips 18th August 09

admin — Tue, 18 Aug 2009 03:39:20 +0000

Sell Parsvnath Developers with stop loss of Rs 117 for a target of Rs 96.

Sell JSW Steel with stop loss of Rs 725 for targets of Rs 630-Rs 610.

Buy Indraprastha Gas around Rs 156.20. Stop loss of Rs 154.20.

Sell Reliance Capital. Last close Rs 798, sell around Rs 811-Rs 830. Stop Loss of Rs 845, cover short at Rs 779-Rs 728

Free Intraday Stock Tips and Short Tips 20 july 09

admin — Mon, 20 Jul 2009 03:50:58 +0000

Free Intraday Stock Tips

Punj Lloyd from 190 to 222
Sesa Goa from 186 to 222
Suzlon from 80 to 94
Opto circuit from 140 to 165
JP Associates from 180 to 212
Jai Corp continuously upper circuit from last 4 days
Walchand and GMR both rose by 10%.

Weekly positional calls:

1. Buy Tech Mah. @ 734 SL 705 Target 779 & 860 (Sure shot call)
2. BUY Sesa Goa @ 220 SL 213 Target 225 & 250 (Sure shot call)
3. Buy NTP @ 205 SL 203 Target 210 & 216
4. Buy JSW Steel @ 600 SL 585 Target 635 & 656
5. Buy Thermax @ 446 SL 426 Target 469 & 507 (Sure shot call)
6. Buy LITL @ 376 SL 364 Target 390 & 412
7. Buy Rolta @ 130 SL 123 Target 142 & 152 (Sure shot call)

Delivery calls for short term:

1. Buy Evinix currently trading at 3-4 rs.. It is a sureshot multibagger in long run.
2. Dark horse: Buy United spirits & Revathi equipments in Investment account.
3. Unitech & Jai corp also has big targets..

Live Online Trading News – Trading Tips

admin — Fri, 24 Apr 2009 02:37:42 +0000

Live Online Trading News

Indian traders had a field day as market moved in positive direction on the strength of strong global cues and expectation of good results from RIL and HDFC. Moreover another reason to cheer in market is that Nifty has closed above its 200 Day moving average after so many days. Thus we can see NSEIndia index Nifty encountering key resistance at the levels of 3520-3610 and it has firm support at 3270-3150 and these levels can act as supports from where market can bounce back. However as a caution definitely exit if Nifty breaks level of 3249 without asking any questions on the direction of market.

Free online indian stocks trading tips

Buy JSW Steel>347.5,349.9,355,362 sl 339.8

Buy Reliance>1775.1,1785,1795 sl 1768.8 (Trend for Reliance has changed on hopes of higher than market expectation profit in its quarterly results)

Buy LIC Hsg finance>321.1,325,332 sl 316.8

Buy PFC>159.1,161.5,165.8 sl 153.5

Buy Tata Power>865.5,869,879,889 sl 858.8

Buy ACC>651.1,655,659 sl 646.5

Buy Glenmark>203.1,205,207.9 sl 197.8

Buy Wipro>314.1,318,325 sl 308.8

Reduce JSW Steel, target of Rs 197: IIFL

admin — Fri, 27 Mar 2009 15:16:39 +0000

IIFL has recommended a reduce rating on JSW Steel with a target price of Rs 197 in its March 27, 2009 research report.

“In our recent meeting with JSW Steel, management articulated its initiatives to tide over the current turbulence. Its strategy consists of: 1) reducing operating cost from USD 500/tonne in FY09 to USD 280/tonne in FY10; and 2) cutting its capex plan for FY10 to Rs 30 billion from Rs 55 billion earlier. At a price of USD 400/tonne for HR steel, the company estimates it will be able to meet its debt obligation as well as to meet its capex commitment.”

“JSW Steel’s estimate builds in 90% YoY growth in despatches, which in our view is an uphill task. Additionally, its assumption that HR steel prices will stay at the current USD 400/tonne leaves little margin of safety. A drop in steel prices below USD 400/tonne cannot be ruled out, as the expected fall in coking coal and iron ore price leads to a reduction in the industry’s production cost, while demand remains weak. A debt-to-equity ratio of 2.1x and EV/EBIDTA of 5.3x leaves little room for error. “REDUCE”, target price of Rs 197,” says IIFL’s research report.

Buy JSW Steel, target of Rs 334: Karvy

admin — Wed, 25 Mar 2009 11:00:42 +0000

Karvy Stock Broking has maintained its buy rating on JSW Steel with target price of Rs 334 in its March 25, 2009 research report.

“JSW Steel, India’s third-biggest producer, is on target to achieve robust sales volume growth during Q4FY2009. It is likely to sell 1.2 million tonnes of steel as against 0.7 million tonnes during Q3FY2009. However, it is to be noted that the YoY sales volume is likely to be flat.”"We believe that the sales volume growth could help the company in posting EBIDTA growth on QoQ in absolute terms, but the EBIDTA margin of 15% is expected to be under pressure due to the lower price realization. In our opinion, the current rally in JSW Steel and other steel stocks is driven by the strong sales volume growth during Q4FY2009. We maintain our BUY rating on the stock with target price of Rs 334,” says Karvy Stock Broking’s research report.