Maharashtra Seamless Limited Buy 365.75 353.00 tgt 488.00 cmp390.85
Trade active:
Hit 408
Maharashtra Seamless Ltd (MSL), a market leader in carbon seamless tubes will gain on multiple fronts like capex by ONGC/OIL, anti-dumping duty on Chinese tubes, and weakened domestic competition. We believe MSL stock can generate high short term returns on the backdrop of high near term visibility of order wins. We are giving a ‘Trading BUY’ call on MSL with a target price of INR 439/share.