पोस्ट करनेवाले : agsb1960
| Price when posted : BSE: Rs 465.70 ( 0.28 % ), NSE: Rs. 466.25 ( 0.39 % )|
frankly speaking I would advise to look for strong signal from govt that really matters for this Industry.
One of that would be increase import duty on steel, to curb cheap steel from being imported from china.
high cost of raw material and transportation cost is a huge prob for this industry. If govt comes out with some concrete plan to reduce this expenditure, that would increase the profitability and competitiveness of Indian Industry.
Third is the allocation of coal blocks at reasonable rate
forth offcourse is the interest rate cuts which eventually shall reduce the burden on the loans.
Unless some of the above is taken care off, this Industry will not move ahead much.
Never buy into news such as we had seen earlier - chinese data, chinese rate cuts, chines sneezed, china peed etc.