Indian Steel Industry is facing a low demand
as it is being flooded by cheap steel by China, Russia etc.
Indian Gov. has made some efforts to curb foreign steel imports.
Jindal is one of the four major steel companies
and is most penalized in terms of price.
Currently it is at great valuation !
Buying slowly keeping in 5 year timeframe.
as it is being flooded by cheap steel by China, Russia etc.
Indian Gov. has made some efforts to curb foreign steel imports.
Jindal is one of the four major steel companies
and is most penalized in terms of price.
Currently it is at great valuation !
Buying slowly keeping in 5 year timeframe.