Marketcalls
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Buy Ispat Industires at current levels for easy gains

48 sec read

Buy Ispat Industries
Cmp : 33
Target : 40
Time : 2 months
 
 

 


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Positive News:
 
1)The Steel Ministry is likely to submit a report to the FM in the next 10 days. The Steel Ministry and steel producers wants the export duty to be removed.
2)FY08 Results on 30th June 2008
 
Recent News
30th,Mar,2008
 
Ispat Industries to raise Rs 10 bn
 
KOLKATA: ISPAT Industries plans to raise Rs 1,000 crore through a mix of a rights issue and a foreign currency convertible bonds (FCCBs) float to part-finance its Rs 2,292 crore upcoming new projects and capacity expansion programme. The company is setting up a 1 million tonne per annum (mtpa) coke oven plant at Dolvi, a 4.5 mtpa pellet plant at Vishakhapatnam and also enhancing the capacity of its existing hot rolled coil capacity from 3 mtpa to 3.6 mtpa.

Ispat Industries has joined hands with UK’s Stemcor to form a JV for setting up the coke oven plant at an investment of Rs 925 crore.

Source:
www.marketcalls.in
Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
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