Hindalco Industries Ltd. is largest producer of aluminum in India. The company was listed on NSE on 8 January 1997, However the stock performance is not very attractive in the metal space. HINDALCO stock has made a new all time high of Rs.253 on 6 January 2011, since then the stock has been weakening and we are looking for selling opportunities as long as the price action is below the 190 level on ... [Continue Reading]
Steel Sector Outlook: Sail may Outperform in Short Term, We Advice Short Sell Sail Today Target 100
Steel Authority of India Ltd. is one of the largest steel producers in India. The company is in the iron and steel production business. SAIL was listed on NSE on 6 July in the year 1995. The stock was like a penny at that time but now sail stock trades near 102 level on NSE and BSE. The growth of the company was not that good as we have tough competition in this sector by Tata Steel and JSW ... [Continue Reading]
