New Delhi (India), March 10: The Russian-Ukraine war wreaked havoc on the entire world, and India, in particular, has been hit by poor market conditions. The Sensex fell by 15% from its 52 weeks high, but the steel industry has been on a bull run. Cumulatively, Russia and Ukraine are the 5th and 12th largest steelmakers globally, respectively, accounting for around 10% of the global steel trade. About 45% of the steel production in Russia and approximately 75% in Ukraine is exported to other nations. Russian mills brace for sanctions, and Ukrainian steel production gets severely disrupted by the conflict, which gives an opportunity for Indian Steel manufacturers to gain market share globally as India is the net exporter of steel and is the second-largest country to manufacture steel after China.
Since the war has started, NIFTY metal has seen 60 points increase from the last month, and with 7.5% customs duty, cesses, and freight cost, there is any way a significant trade barrier that allows the domestic steelmakers to benchmark local rates against imports. With the landed cost of imports surging and demand being buoyant, it will be much easier now for Indian steel companies like state-run SAIL and private companies like JSW Steel, Tata Steel, ESL, and JSPL to hike the local prices.
Tata Steel, one of the largest steel manufacturers in India, has seen record-breaking growth in its stock prices. Stock prices have increased by 78.36% from last year. On the other hand, JSW Steel stock prices have witnessed 55.38% growth from previous year. These steel stocks have seen a staggering increase in the past year.
Among companies like Tata Steel, JSW Steel, and many other companies. ESL Steel Ltd, a fully integrated steel plant in Bokaro, Jharkhand, with a capacity of 1.5 MT, has generated total revenue of Rs. 4900 Cr and Rs. 2700 Cr profit in FY21. ESL is aiming to double its steel capacity in a few years. Vedanta Group acquired the company through NCLT. Vedanta, the holding company of ESL, is one of the world’s leading oil and gas and metals companies with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminum and power across India, South Africa, and Namibia. With proactive management and economies of scale, the company has also witnessed a sharp increase in its revenue and net profit amid COVID-19.
ESL shares are traded in the unlisted market between ₹85 – ₹90, which is precisely what investors should look for to make a good return if they have missed out on opportunities with listed steel companies. With the surge in steel prices, there is substantial demand for this stock in the private equity space. ESL is expected to give an excellent return to investors in the coming future.
42 thoughts on “ESL Steel – Multibagger in Russia Ukraine War”
Today, while I was at work, my sister stole
my iphone and tested to see if it can survive a 30 foot
drop, just so she can be a youtube sensation. My iPad is
now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with
Its like you read my mind! You seem to know a lot
about this, like you wrote the book in it or something.
I think that you could do with a few pics to
drive the message home a little bit, but
other than that, this is magnificent blog. A great read.
I’ll certainly be back.
Hi, everything is going fine here and ofcourse every one
is sharing information, that’s really excellent, keep up writing.
Have you ever thought about creating an e-book or guest authoring on other sites?
I have a blog based upon on the same ideas you discuss and would love to have you share
some stories/information. I know my viewers would value your work.
If you are even remotely interested, feel free to send me
Hi there! I’m at work surfing around your blog from my new iphone!
Just wanted to say I love reading through your blog and look
forward to all your posts! Keep up the excellent
I love what you guys tend to be up too. Such clever work and reporting!
Keep up the superb works guys I’ve incorporated you guys to blogroll.
Very nice post. I just stumbled upon your blog and wanted to say that I’ve really
enjoyed browsing your blog posts. After all I will be subscribing
to your feed and I hope you write again very soon!
959204 366075Wow, great blog layout! How long have you been blogging for? you make blogging look easy. The overall appear of your web website is fantastic, let alone the content material! 238894
Hi there i am kavin, its my first occasion to commenting anywhere, when i read this article i thought
i could also make comment due to this brilliant piece
991094 704347Spot on with this write-up, I truly believe this web site needs a lot a lot more consideration. Ill probably be once again to read much more, thanks for that info. 743759
875294 641948of course data entry services are quite expensive that is why always make a backup of your files 559861
order ivermectin 12mg
molnunat 800 mg us
cost molnunat 200mg
986536 362566There is clearly a whole lot to know about this. I feel you produced various good points in features also. 740472
purchase levitra pill
bystolic 5 mg generic nebivolol pill nebivolol 10 mg usa
purchase bystolic order bystolic 5 mg online buy nebivolol 5 mg sale
valsartan 160 mg sale valsartan diovan sale
cost neurontin 100 mg neurontin 400 mg brand gabapentin 400 mg pills
lyrica 150 mg sale buy lyrica 150 mg sale generic lyrica
where to get generic lyrica price cost of generic lyrica online can i buy lyrica
can you buy generic lyrica prices can i order lyrica tablets cost of generic lyrica without rx
where to buy lyrica price can you get lyrica prices buy generic lyrica for sale
742274 559184I havent checked in here for some time because I thought it was acquiring boring, but the last few posts are really excellent quality so I guess Ill add you back to my every day bloglist. You deserve it my friend. insurance guides 758157
583268 380405The post posted was very informative and helpful. You men and women are performing a terrific job. Maintain going. 963752
630386 982333I feel one of your ads triggered my internet browser to resize, you might want to put that on your blacklist. 29901
676169 300708Hey! Fine post! Please keep us posted when I can see a follow up! 712648
29547 671942I will proper away grab your rss feed to remain up to date on any succeeding articles you might write 707067
What’s up, I check your blog like every week. Your writing style is awesome, keep doing what you’re doing!
Also visit my web blog tracfone coupon
666712 884978This internet site is my intake , real very good layout and perfect topic material . 373142
lasix heart failure lasix nursing implications furosemide toxicity
azithromycin vs doxycycline dosage of azithromycin for chlamydia azithromycin liquid
provigil settlement checks 2021 side effects of provigil provigil24.top
ivermectin spray ivermectin cream cost stromectol scabies
clomid uk sale clomid nz prescription clomid over the counter australia
712992 202612Can I just say what a relief to search out somebody who actually is aware of what theyre speaking about on the internet. You undoubtedly know how to deliver a issue to light and make it essential. Extra folks want to learn this and perceive this facet with the story. I cant consider youre no more common because you positively have the gift. 220144
clomid 100mg for sale clomid pills to order clomid pills to order
horse wormers ivermectin ivermectin sheep drench ivermectin paste for horses
stromectol over the counter ivermectin for cattle pour on ivermectin for rabbits
side effects of ivermectin ivermectin for humans for sale ivermectin for horse