Hi
This is one of the stock I am still curious on and invested. I have covered
in details about its risk , business model and competitive advantage in
another thread.
Coming back to your questions, alloy sector still have over capacity and
bunch of trade off decisions required (on raw material, segmented products
etc).
In a sea of red lines Maithan went cracking about segmented need, Vizag
plant was build around fit for purpose production batches to create this
value add. With recent floods the number may be subdued, the absence of
quarterly consolidated numbers add more confusion.
Saying that COO is someone who is fitted with Rolls Royce engine when it
comes to business acumen (I like his trade off decisions…master stroke).
I was a buyer below 100, bought few around 250-260. But may not take active
positions further, rather will watch the Q2 story post floods, capacity
utilisation and power cost. If steel industry top spins it will be further
interesting to watch out!