![]() Total quantity traded was 2,654 shares, against the two-week average of 2,856.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. To help you secure all your memories, your photos will be stored on Amazon S3. The stock is available at less than 10 times 2007-08 earnings, which looks very attractive for a hi-tech MNC company in growth phase, Anand Rathi says in conclusion.Īt 10:49 am on Friday Vesuvius India share was at Rs 230 on BSE, up 2.89 per cent from Thursday’s close. CM Cloud: Provides fast backup and restoration as well as password protection. With improving capacity utilisation, margins are likely to go up further. In the current year the company is doing well and we expect it to improve performance further in second half, as per industry trend, when demand for its products remains high. The Dec 2006 results appear poor due to exceptional write offs of past bed debts to the extent of Rs 8.7 crore. The company is performing very well and growing steadily, with rising demand from steel industry. So, broad demand potential and outlook for refractories is very attractive. The parent company of Vesuvius has many unique value added products for industry, for which demand will grow faster as new and modern capacities to manufacture quality steel will come in to existence. All new steel making capacity involves continuous casting methods wherein the various refractories for flow control and casting of metal. ![]() Apart from capacity expansion by existing players like Tata Steel, SAIL, JSW Steel, the new big players like Mittals and Posco are also setting up very large capacities. ![]() The steel industry is looking for huge capacity addition in coming 3-5 years. With strong growth in Indian economy the demand for steel is rising very fast.
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