Discover and read the best of Twitter Threads about #vssl

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✨We had a fantastic conversation with @SandeepKrJainTS on our podcast last night.

✨It was further graced by @charts_breakout
& @KhapreVishal

🔹Do not miss their insights & top stocks.

▶️Run through this thread to grab a gist of yesterday's podcast.

#StockMarketindia #Stocks
Here's what @SandeepKrJainTS thinks of the current market.

🔹The quarterly results of most companies have been impacted by the current scenario.
🔹In the short term, the market will be very volatile.
🔹In the long term, the market will be bullish.
🔹Our expert screens his stock both fundamentally & technically.
🔹Here are some factors to check out before choosing a stock:

🔸Return on capital of the company: > 15-20%
🔸Return on equity of the company: > 15-20%
🔸The debt of the company should be </= 0.4
Read 10 tweets
Vardhaman Special Steels (#VSSL) conducted Concall today at 2:30 PM for Q1 FY21

Here are the conference call highlights.

"Co. is targeting 155K Tonnes of production for FY 22"

Hit 'Retweet' to educate more investors ☎️🧵
Business Updates:

• Sales volumes stood at 43,705 tonnes.
• Growth is attributed from growing demand in the automotive sector & strong demand from OEMs manufacturers.
• Co. received EC for expansion from 2,00,000 MT per annum to 2,80,000 MT per annum of rolled products.
Industry Update:

• Car segment is doing very well, while 2/3 Wheeler are struggling.
• Export market in automotive is doing well, where VSSL has targeted customer. Sales from US is improving.
• Automotive Steel are included in PLI, however DELP scheme is not announced.
Read 11 tweets

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