ICICIdirect.com target on VSSL Date: 25-Oct-21 Broker: ICICIdirect.com Price @ Call: 262 Target: 340 Potential: 29.77% Recommendation: BUY

#SHAKTIPUMP #DELTACORP #ARIES #VSSL Above 268 #MHRIL Above 246

🟢🟢New Shorter-Term Momentum Idea VSSL LTP ~₹261.20/ Expecting to ~₹290/- Keep SL ~₹250/- Closing below #VSSL

#InvestmentIdeas #VSSL Vardhman Special Steels Gets Environmental Clearance for Capacity Expansion Vardhman Special Steels (VSSL, BOM:534392) received an environmental clearance from India's Ministry of Environment for the planned expansion in its existing plant in Ludhiana, India to up to 280,000 tons per annum of rolled production. The company will initially increase its current rolling capacity of 200,000 tons per annum to 250,000 tons, according to a post-market hours filing on Wednesday.

STOCK TO KEEP AN EYE ON!! Vardhman Special Steels Ltd #VSSL 1-Company has reduced debt. 2-Company is expected to give good quarter 3-Company has delivered good profit growth of 53.30% CAGR over last 5 years 4-Good time to consider, as stock is not in overbought zone 5-Stock not in ASM/GSM lists and not a lot of promoter holding is pledged 6-In last 6 months, promoter holding in the company has increased by 1.08% 7-Pledged promoter holdings is insignificant 8-Promoters increasing shareholding QoQ 9-MACD Crossover Above Signal Line 10-New 52 Week High 11-Good quarterly growth in the recent results 12-Growth in Net Profit with increasing Profit Margin (QoQ) 13-Growth in Quarterly Net Profit with increasing Profit Margin (YoY) 14-Increasing profits every quarter for the past 4 quarters 15-Company with Zero Promoter Pledge 16-FII / FPI or Institutions increasing their shareholding 17-Recent Results : Growth in Operating Profit with increase in operating margins (YoY) 18-Companies with rising net profit margins - quarterly as well as TTM basis 19-Strong Momentum: Price above short, medium and long term moving averages About The Company Business: Manufacture of basic iron and steel Incorporated: 2010 Chairman: Rajeev Gupta Managing Director: Sachit Jain Group: Vardhman Listing: NSE: VSSL, BSE: 534392 Headquarters: Ludhiana, Punjab Key Facts Market Cap: R 1,203.06 Cr Revenue (TTM): R 1,199.36 Cr Earnings (TTM): R 84.77 Cr Cash: R 7.31 Cr Total Debt: R 264.63 Cr Promoters' Ownership: 60.87% Liquidity: High 52 Week Range: R 58.00 - 309.30 Face Value: R10.00 Shares Outstanding: 4,05,07,000 10 Years Aggregate: CFO: 237.96 Cr EBITDA: 157.98 Cr Net Profit: 87.10 Cr #InvestmentIdeas

#Nifty was more than 300 points down but...... #HINDCOPPER 15% #VSSL 10% #PALREDTEC 5% #YAARII 5% #INDOTHAI 5% Not bad in such down market...