JSPL Management Meet Update - Long-Term Growth Plan Intact: Motilal Oswal
JSPL Management Meet Update - Long-Term Growth Plan Intact: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Jindal Steel and Power Ltd.'s near-term demand is tepid and demand decline is seen (especially last month) due to-
the ban on construction in the national capital region region due to severe pollution levels,
an extended monsoon,
weak sentiment in the international market – consumers are adopting the wait-and-watch policy, and
sufficient inventory lying with traders, who, in a falling market, would try and liquidate rather than accumulate.
However, pent-up demand is inevitable, as seen since the ebbing of the first Covid-19 wave.
JSPL's management highlighted that the pricing for longs products has corrected by Rs 4000/tonne. Rebar has corrected to Rs 58,000/tonne (from Rs 62,000/tonne in November). We believe the trade is operating at Rs 56,000/tonne.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.