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Stelco Strips Ltd – 80% Profits

Posted on: July 25th, 2009 at 11:16 am

Call given at 11, CMP 19.50+. Book 50% profits at 19.50 and hold the rest for Long term.

Stelco Strips Ltd has commissioned Continuous Galvanising Line (CGL) having annual capacity of 60,000 tonnes for the manufacture of G.P & G.C. Sheets adjoining to its manufacturing line of Wider Width Cold Rolling at Doarha. The main Raw Material required for this Galvanized project is Wider Cold Rolled Steel Sheets which is being produced by our company itself at its existing facilities at Doarha.

1,00,000 tones annually CRCA, CRFH & Coils/Sheets upto 1000 mm width and thickness varying from 0.12 mm to 2.00 mm.

The main production shed of this plant spread over an area of 1,00,000 Sq.ft. A reversing 4 HI-I HI Japan make Cold Rolling Mill, equipped with hydraulic AGC System & Modernized PLC along with fully automated critical processes and auxiliary Lines.

Currently trading around 11 and having a P/E of 2.52

Stelco Strips

The company has been showing consistance growth over the last few years and is expected to do well in the Long term.

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7 Responses

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abhi Says:
July 27th, 2009
Posted at: 10:25 pm
Sir,wat would be the target for 1 year?
CB Says:
July 28th, 2009
Posted at: 12:33 am
Hi abhi, it can add 50%
sreejita Says:
September 4th, 2009
Posted at: 12:19 pm
hi CB,can u tell me what is the expected target by december 2009?
sreejita Says:
December 29th, 2009
Posted at: 9:06 pm
dear c.b,can u kindly suggest me a penny stock for medium or long term which will fetch huge profit?
CB Says:
December 29th, 2009
Posted at: 9:12 pm
Hi sreejita, go with Nila Infrastructures Ltd for long term..it can more than double.
sreejita Says:
December 30th, 2009
Posted at: 3:05 pm
thanx a lot dear c.b....ur recomendations are worth folowing..
ansar Says:
June 1st, 2010
Posted at: 6:34 pm
TATA Steel hold