In today’s briefing:
- Jindal Steel & Power (JSP IN) – Cyclical Downturn Provides Attractive Entry Point
- Nifty Index Options Weekly (Mar 03 – 07): Rebound Ends Extended Losing Streak
Jindal Steel & Power (JSP IN) – Cyclical Downturn Provides Attractive Entry Point
- Strong focus on capacity enhancement. Increasing steelmaking capacity by 65% over the next 3 years to 15.9mt.
- Recent margin dip provides attractive entry point. Promoters/insiders have bought into recent decline in stock price
- Attractive long-term play on rising domestic steel demand. Low debt levels at <1.4x EBITDA allows for steady capacity addition.
Nifty Index Options Weekly (Mar 03 – 07): Rebound Ends Extended Losing Streak
- The Nifty snapped its losing streak with a sharp rebound, rising 1.92% for the week.
- Implied volatility struggled to hold up, trading lower through most of the week.
- We break down the implied vs. historic vol relationship and what it signals for traders.
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