-------- Forwarded Message --------
Subject: JSW Steel: Group Debt Bomb Ticking---Another Prospective KFA ?
Date: Wed, 16 Mar 2016 09:25:26 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
Cons. Debt At Around Rs.35000 cr With Yr. Intt Liability Rs.3500 Cr And
Last Five Yrs Avg. Profit Rs.1652 cr.
Technically, JSW has to sustain over 1210-1230 zone for further rally up
to 1275-1365 area; otherwise it may face selling pressure and sustain
below 1160-1140 may fall again towards 1075-1030 zone.
*Trading Idea: JSW Steel*
CMP: 1195
Either sell below 1210 or on rise around 1230-1250;
TGT1: 1160*-1110-1075-1030-998-950* (1-3M)
TGT2: 935-870-835-800*-770-740* (6-12M)
TSL> 1280
*Note*: Consecutive closing (3 days) above 1280 area for any reason, JSW
may further rally up to 1365-1400* & 1470 in the near to long term
(alternative bullish case scenario from the present trading level).
Some interesting data about JSW:
TTM EPS: (-) 36.59
NET P/L (AVG FOR LAST 5 QTRS): (-) 104.38 cr
Even after the actual implementation of all the budget proposal for
infra & housing in India, steel demand is expected to grow around 5.5%,
whereas production may grow around 7.5% CAGR.
Present (2014-15) production of steel is 92.16 MT & demand is around
76.99 MT; i.e. domestic supply/demand gap is around 15 MT (excluding
imports).
With out China import factor, India may soon have excess capacity in
Steel, if there will be no significant economic recovery.
Govt is now planning extra duty on the MIP & landed cost (CIF)
differential for suspected over invoicing. But, this type of protection
will be counter reproductive and consumers of steel & so called "Make In
India" initiative may suffer. MSME & other steel consumers may also want
similar stimulus package from the Govt for their own survival.
*Analytical Charts*:
<https://3.bp.blogspot.com/-YFUqqnEUSXY/VujVBxpkWfI/AAAAAAAAGfg/RKyq1mIv0REBCAuAQvk6HnxRkNLmZfsVQ/s1600/JSW-15-03-2016.png>
<https://2.bp.blogspot.com/-mSQqkFm1yx8/VujVDTS_NfI/AAAAAAAAGfk/K7KC9b8yuR0BstYqnBXtwf2EbgVyLIPzg/s1600/JSW-FIBB-15-03-2016.png>
<https://4.bp.blogspot.com/-fllF1_aY9Kg/VujVFRvIWSI/AAAAAAAAGfo/1rAXDHQ6Mfw01OrVKAyxRTLWxXXTaidIw/s1600/JSW-WK-15-03-2016.png>
<https://3.bp.blogspot.com/-Vm9nGCQ0Y98/VujVInG-tRI/AAAAAAAAGfs/Q60JwIwn4Jgjg6XP-3Zh4A-NgHOovVw_Q/s1600/JSW-PATTERN-15-03-2016.png>
<https://1.bp.blogspot.com/-xiJ3PG4rRoA/VujVKxuhw4I/AAAAAAAAGfw/KDENndCVZKsjoAK8ivjA4V2_vns7J1pEA/s1600/JSW-TL-15-03-2016.png>
<https://4.bp.blogspot.com/-INNLwb-qVAw/VujVNSBEN-I/AAAAAAAAGf0/tUlWUHy14l4sKbYFNPj_DXyCiErFG_4sg/s1600/JSW-EW-15-03-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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