Showing posts from March 21, 2016

Rama Steel Tubes

RAMASTEEL (91) -  This is one more stock , like MANAPPURAM, not affected the JAN & FEB 2016  meltdown. (even though, most of the mid cap , small cap & penny cap stocks crashed 40 % to 70 % from their respective high in that meltdown). It itself shows its price strength.  In the last several months , metal sector, all over the world, is in the down trend cycle.  Now it seems bottoming formation is making. once it bottomed out then the up trend cycle going to persist several quarters. In that scenario, can look at the metal sector stocks for positional point of view.  Most of the listed large and mid cap metal sector stocks  are over leveraged , so they can't generate big impact in their bottom line even if the sector turns towards the uptrend cycle.  *** But this is one among the small steel tubes company ( Market cap is Rs.135 Cr. only ) with less leveraged and profit making. One more positive is  Unpledged promoter holding is 74 %