Cannot give suggestions on stocks names now. Due to regulatory reasons.
What is your view on the iron ore sector over the next two years given Vale disruption in Brazil (NMDC in particular is in multi year lows)?
I’m optimistic as of now. Though, I would like it to stabilize and not run away. If it hold 70$, one can continue to be positive.
What about iron ore pellets…the prices have remained steady in global markets. In fact, the prices have gone up by ~10-15% in the last two months. What do you make of it from a 2-3 year perspective. Can the average realizations continue to be in a range of 100$ per tonne.
Pellet prices have also gone up. But, I am not taking a very long term view as of now. If pellet price sustains 6500, then it will be good. Situation can change and is very dynamic. Chinese demand and supply needs to be monitored closely.
As I had mentioned in last few months, cement sector looks interesting. Have created a basket there. Do have a 2-3 year view on that. News on cement price rises have started coming. It’s possible that worst is over in Q3 and there should be incremental improvement going forward.
Iron ore prices really heating up because of Vale disruption. Is NMDC worth looking at from a short-term perspective (1yr)?
“However experts believe Vale will be able to bring back almost all of its lost production by early 2020.”
Oct 2018 view.
Hello jiten bhai.i was looking at roes and roces of small cement companies like ncl anjaniiportland Deccan etc they are superior to big players.are you following this sector?
Yes. I follow this sector and am invested in the sector as mentioned above.
Paper stocks are showing good strength these days
An article on cement sector.
Another article on cement price hike…https://www.moneylife.in/article/cement-prices-increased-by-up-to-rs77-per-bag-across-the-country/56524.html
Looking at the demand supply scenario… where in most of the part in the country supply is still higher than the demand…consistant new capacity addition by existing player …sustainability of this hike or enhance commission to distributors to increase market share …are factors need to be watch out in coming months …
On an industry level, supply addition is not higher than demand growth. So, you will see capacity utilizations improve.
- JK Lakshmi cement AR on current capacity and addition of new capacity.
Hope that the cement price rise is not due to cartelisation as that won’t be sustainable.
Good report on India cement sector
Do you think the elections will be a good time to bet on News channel stocks and Top Breweries & Distilleries?
Would the bet be worth playing or leaving? How does one decide in situations like this?
I would appreciate your thoughts on this approach. I am new to playing such bets and to the approach of cyclicals. Started this approach since last year with AC stocks for a sure shot 10% gain.
Thanks in advance!