*JSWSTEEL Cmp Rs.986,* The stock has moved from low of Rs.160 in March 2009 to recent high of Rs.1051 in December 2009 giving excellent return. Steel prices remaining soft internationally and overcapacity in China would pressure Steel prices in India which could be near term negative for the stock.
JSWENEGRY IPO, which closed on Wednesday, was subscribed 1.67 times which would add to negative sentiment as all recent IPO have gone into discount after listing. Power trading companies will find it difficult to sell power @ high prices as SEB’s are running in loss. http://akprabhakar.blogspot.com Jindal Steel & Power said that its subsidiary Jindal Power has decided to go for initial public offer and raise up to Rs.10,000 crore . The company said that Jindal Power would hold an extra ordinary general meeting of the members of the company to seek consent for the same. Regards A.K.Prabhakar Equity Analyst [email protected] [email protected] * *http://akprabhakar.blogspot.com http://prabhakar-views.blogspot.com *Disclaimer:*** *This represents views based purely on Technical studies. The information and views presented in this report are prepared by A K Prabhakar. The information contained herein is based on my analysis of the Charts and upon sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither A K Prabhakar nor any person connected with him accepts any liability arising from the use of this information and views mentioned in this document. A K Prabhakar and his affiliates may hold long or short positions in the above-mentioned companies from time to time. The report is intended for a restricted audience and I am not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities. * -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
