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Sandurmanganese

Medium term opportunity in Sandur Manganese for huge upsideHi, NSE:SANDUMA has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
BSE:SANDUMALong
by raigvivek
SANDUR MAGANESE LONG TERMSandur Manganese & Iron Ores (SMIORE) is involved in mining of low phosphorous manganese and iron ore in the Hospet-Ballari region of Karnataka. It is the flagship company of the Sandur group which was promoted by the former ruler of the princely state of Sandur. It is the fifth-largest iron ore miner in Karnataka and the largest private miner of manganese ore in India DISCLAIMER: The perspective I am providing may possess inherent bias. My family members and me may and may not have financial investment in aforementioned scrip. Consequently, it is within my prerogative to engage in the purchase or sale of said scrip at my discretion, contingent upon prevailing market conditions and the occurrence of specific events. I am not a registered financial advisor and the information provided by me should not be considered as financial advice. It is highly recommended that you consult with your financial advisor and do your due diligence before making any investment decisions. Investing in the stock market is subject to market conditions and any unforeseen events. Also involves risk and can result in both profit and loss. You should be aware of the risks involved in investing in the stock market before making any investment decisions. Please note that any investment decision you make based on the information provided by me is at your own risk, I will not be held responsible for any of your losses or damages, financial or otherwise, resulting from your investment decisions.
BSE:SANDUMALong
by StockEye_Club
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