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 min
0.33%
132.35INR
2.708BINR
21.258BINR
6.486M
About SANDUR MANGANESE & IRON ORES L
Sector
Industry
CEO
Bahirji Ajai Ghorpade
Website
Headquarters
Bangalore
Employees (FY)
2.294K
Founded
1954
ISIN
INE149K01016
Sandur Manganese & Iron Ores Ltd. engages in the production and mining of manganese and iron ores, and manufacture of ferroalloys. It operates through the following segments: Mining, Ferroalloys, and Coke & Energy. The company was founded by Yeshwantrao Hindurao Ghorpade and Murarirao Yeshwantrao Ghorpade on January 18, 1954 and is headquartered in Bangalore, India.
Sandur - Iron Ore hikeWith iron ore prices rising again and demand improvement + the company has applied to extract additional capacities this should do well for the company.
Long above 1035 with a stoploss below 1000. THere will be a breakout above the AVWAP of the entire downmove which has been the recent resistance.
Sandur - Iron Ore tradeWith Iron Ore again trying to regain strength post China opening, expect some action here.
The stock broke out even while general markets were weak..
It also did a retest and now could move to the AVWAP of the entire downmove which is around 1030.
Can initiate a small position here and double up
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
Sandur Manganese & Iron Ores Ltd.( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
Sandur Manganese & Iron Ores Ltd. @ 2135 with target of 2180 CMP IS 2113.65.
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ 1875.
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