There is a penny stock VISA STEEL; it may run big in the coming weeks! [40-50% returns] (momentum may start)
Visa Steel (VSL) manufactures various grades of pig iron and good quality coke. The company produces chrome concentrate that has application in ferro chrome/ stainless steel production.
STEEL SECTOR +ve outlook!
Debt settlement on cards - OTS with Banks
FIIs holding 21.95%
One can check and take a calculated risk.
✅ Net Sales (Rs Cr) At Rs 591.60 cr has Grown at 92.67 % Year on Year (YoY)
✅ The stock has generated a return of 65.14% in the last 1 year, much higher than market (BSE 500) returns of 54.39%
✅ NET SALES - YOY GROWTH IN YEAR ENDED MAR 2021 IS 42.88% VS -51.77% IN MAR 2020
Lenders seek clarity from bad bank over invoking guarantees
The subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed their reservations on the subject to the NARCL management at a meeting last week, the people cited above said.