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Ironore

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 altered. You can avoid all panic if you manage your positions well.
NSE:VEDLLong
by DhandhaPaani
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 an eps of around 662. Furthermore, the company has announced further capex too, so going forward, this is steal price. Management is yet to make announcement but hinted something coming up soon related to this capex plan which would be a mix of debt and equity. Technical: Buying this in the p/e range of 4 to 5 at price range of 2100 to 2300 can be a low risk investment plan, considering one can exit if supply in the market pushes the price below this support zone on closing basis. One can then wait for the entry in the next demand zone which is in the p/e of 3 at price range of 1300 to 1500 or again after it reclaims the previous support zone (2100 to 2300) on closing basis. Buying in this support is at Low risk. Considering the OPM & Growth of the company post capex completion and future capex plans, it should not trade at p/e range of 3-5 but near 8-10 as its peer does (Moil, GMDC, Maithan Alloys). Further we can see in coming quarters.
BSE:SANDUMALong
by usamabintanveer