MAHSEAMLESS
Maharashtra Seamless Ltd. (MSL) is a great investment opportunity. Here's why:
Current Price: The stock price is ₹632.
Stock Buy Strategy:
Phase 1: Buy if it goes above ₹727 and stays there for at least 2 weeks.
Phase 2: Buy if it drops between ₹532 and ₹507.
Targets:
Short-term: ₹611, ₹727, ₹945+
Long-term: ₹611, ₹727, ₹781, ₹852, ₹945, ₹1078, ₹1200
Market Leadership: MSL is a big player with 55% market share in seamless pipes and 18% in ERW pipes in India. It produces 450,000 metric tons of seamless pipes and 125,000 metric tons of ERW pipes every year.
Diverse Products: MSL supplies to industries like oil, gas, petrochemicals, power, and automotive. It makes high-value pipes needed for critical uses.
Strong Finances: In Q1 FY25, MSL made ₹1,216 crore in revenue and ₹126 crore in EBITDA, showing steady profits despite market ups and downs.
Debt-Free: As of June 2024, MSL has no debt and ₹2,203 crore in liquid investments, giving it financial freedom for future expansions.
Solid Orders: MSL has an order book worth ₹1,812 crore as of July 2024, with major orders from ONGC and Oil India, supported by the "Atma Nirbhar Bharat" policy.
Supportive Trends: Growing oil demand globally and in India increases the need for MSL’s pipes. Government policies like anti-dumping duty on Chinese imports and the "Make in India" initiative boost its market position.
These points highlight MSL’s strong market position, financial health, and growth potential.
Current Price: The stock price is ₹632.
Stock Buy Strategy:
Phase 1: Buy if it goes above ₹727 and stays there for at least 2 weeks.
Phase 2: Buy if it drops between ₹532 and ₹507.
Targets:
Short-term: ₹611, ₹727, ₹945+
Long-term: ₹611, ₹727, ₹781, ₹852, ₹945, ₹1078, ₹1200
Market Leadership: MSL is a big player with 55% market share in seamless pipes and 18% in ERW pipes in India. It produces 450,000 metric tons of seamless pipes and 125,000 metric tons of ERW pipes every year.
Diverse Products: MSL supplies to industries like oil, gas, petrochemicals, power, and automotive. It makes high-value pipes needed for critical uses.
Strong Finances: In Q1 FY25, MSL made ₹1,216 crore in revenue and ₹126 crore in EBITDA, showing steady profits despite market ups and downs.
Debt-Free: As of June 2024, MSL has no debt and ₹2,203 crore in liquid investments, giving it financial freedom for future expansions.
Solid Orders: MSL has an order book worth ₹1,812 crore as of July 2024, with major orders from ONGC and Oil India, supported by the "Atma Nirbhar Bharat" policy.
Supportive Trends: Growing oil demand globally and in India increases the need for MSL’s pipes. Government policies like anti-dumping duty on Chinese imports and the "Make in India" initiative boost its market position.
These points highlight MSL’s strong market position, financial health, and growth potential.
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