JSWSTEEL Cmp Rs.986, The stock has moved from low of Rs.160 in March 2009 to recent high of Rs.1051 in December 2009 giving excellent return. Steel prices remaining soft internationally and overcapacity in China would pressure Steel prices in India which could be near term negative for the stock.
JSWENEGRY IPO, which closed on Wednesday, was subscribed 1.67 times which would add to negative sentiment as all recent IPO have gone into discount after listing. Power trading companies will find it difficult to sell power @ high prices as SEB’s are running in loss.
JINDAL Steel looks to defer FCCB $24m payment by 5-10 years http://www.moneycontrol.com/
SEBI banned Barclays from issuing offshore derivative instruments following its failure to provide "true and accurate picture of transactions" as required by the regulations. http://www.business-standard.
Overcapacity is a blight on China's industrial landscape, affecting dozens of industries and wreaking far-reaching damage on the global economy in general, and China's economic growth in particular http://www.dnaindia.com/money/report_china-s-economy-on-steroids-may-be-a-global-risk_1321325
JSW Energy IPO receives tepid response http://www.expressindia.com/latest-news/JSW-Energy-IPO-receives-tepid-response/552049/
The coming bubble in power http://www.business-standard.com/india/news/akash-prakashcoming-bubble-in-power/376300/
JSW Energy IPO receives tepid response http://www.expressindia.com/latest-news/JSW-Energy-IPO-receives-tepid-response/552049/
The coming bubble in power http://www.business-standard.com/india/news/akash-prakashcoming-bubble-in-power/376300/
