*Jindal Steel & Power Ltd.*
*Double Pattern BreakOuts: Monthly Basis*
Cup & Handle Formation
Pole & Flat Pattern
Price BreakOut / Volume BreakOut & Strong Built-Up
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
Net debt fell 1.6% QoQ (Net debt/EBITDA at 0.6x (on TTM basis), lowest in the industry. Operation Turning Profitable (Qtrly/Yrly). Significant Debt Reduction. Substantial C&CE. Improvement in Ops. Cash Flow. Increase in DII Stake.
Removal of financial linkages/ Management control between JSPL & JPL will reduce consolidated debt ~ Rs.6,000 Crs, in addition to the cash proceeds.
India's leading steel producers with significant presence in sectors like mining and power generation.
Sector witnessing Tailwinds - Real Estate Play / Infra Push (Domestic/Exports) / Supply Constraints due to Ukraine/Russia Issue.
*Concern:*
Weak Ops. cash flow of overseas subsidiaries against their large debt repayment
Decline in FII Stake.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
*Double Pattern BreakOuts: Monthly Basis*
Cup & Handle Formation
Pole & Flat Pattern
Price BreakOut / Volume BreakOut & Strong Built-Up
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
Net debt fell 1.6% QoQ (Net debt/EBITDA at 0.6x (on TTM basis), lowest in the industry. Operation Turning Profitable (Qtrly/Yrly). Significant Debt Reduction. Substantial C&CE. Improvement in Ops. Cash Flow. Increase in DII Stake.
Removal of financial linkages/ Management control between JSPL & JPL will reduce consolidated debt ~ Rs.6,000 Crs, in addition to the cash proceeds.
India's leading steel producers with significant presence in sectors like mining and power generation.
Sector witnessing Tailwinds - Real Estate Play / Infra Push (Domestic/Exports) / Supply Constraints due to Ukraine/Russia Issue.
*Concern:*
Weak Ops. cash flow of overseas subsidiaries against their large debt repayment
Decline in FII Stake.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)