Vedanta for 100% gainFor investing/trading in metal companies, one needs patience as hard. On weekly charts, the stock seems to be in Wave 3 which is heading towards 800+ that is also the 1.618 fibonacci level as seen in the chart. In the current run up, it may go up another 5-10% (around 440 levels) before hitting a Wave (II) correction towards 350-325 levels.
Please note there are a few assumptions with which these levels are arrived at. In case of deviation in the route to its target, those assumptions are alte
Ironore
Sandur Manganese, A Good Investment Opportunity#SandurManganese
Cmp : 2275 Mcap : 2028 Eps : 467 P/e : 4.87
This can be a good investment opportunity looking at some following financials:
After completion of major debt-funded capex, earnings started picking up from march 21 quarter.
With fixed assets (near 800 cr) this huge (compared to past) & strong operating margins, the company is set to deliver some amazing earnings in next few quarters to come. If we take an average asset turnover ratio of 2, we get ttm sales of around 2200 cr and


