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MAHARASHTRA SEAMLESS LTDMAHARASHTRA SEAMLESS LTDMAHARASHTRA SEAMLESS LTD

MAHARASHTRA SEAMLESS LTD

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MAHSEAMLES trade ideas

MAHARASTRA SEAMLESS--ACCUMULATEThe company exhibits positive divergence with a low P/E of 9.2 and a dividend yield of 1.62, with an intrinsic value of 650. It is undertaking capital expenditures of approximately Rs. 852 Cr funded through internal accruals, allocated as follows: Narketpally (USTPL) at Rs. 264 Cr, Mangaon (MSL) at Rs. 195 Cr, and Nagothane (MSL) at Rs. 393 Cr. Additional working capital requirements are projected at Rs. 300 Cr for USTPL and Rs. 250 Cr for MSL, also to be financed from internal accruals. The company has prepaid its long-term loans for the Telangana plant and rig acquisitions in October 2022 and June 2023, achieving a zero-debt status. There are no inter-corporate deposits (ICDs) or corporate guarantees outstanding as of 31st March 2024. The promoters have been consistently increasing their stake over the past seven years. The company's total order book is approximately Rs. 1754 Crore, indicating the end of Wave 2 .
NSE:MAHSEAMLESLong
by tanrakesh47815
MAHARASHTRA SEAMLESS--accumulatelow PE, High book value and intrinsic value, . Market share 55% in seamless pipes segment -New generation offshore jack up rig operating at 98% efficiency on 3 year contract with ONGC -C capex of ~Rs. 852 Cr (through internal accruals), distributed in Narketpally (USTPL) ~Rs. 264 Cr, Mangaon (MSL) ~Rs. 195 Cr, Nago thane (MSL) ~Rs. 393 Cr. additional working capital requirement of Rs. 300 Cr in USTPL and Rs. 250 crores in MSL which would be funded from internal accruals Prepayment of Loans: Company has prepaid its long term loans taken for Telangana plant and rig acquisitions in October 2022 and June 2023 and is now a Zero debt company. Also, there are no ICDs or corporate guarantees outstanding as on 31st March 2024. In 5 min inverse head and shoulder pattern in progress once crosses neckline we would be in 3rd wave .
NSE:MAHSEAMLESLong
by tanrakesh47815
MAHARASTRA SEAMLESS--COMPULSIVE BUYlow PE, high book value with good div yield and good book value stock—Market Share a) ~55% in seamless pipes segment with manufacturing facilities at Nagothane & Mangaon and Narketpally . b) ~18% in API certified, high frequency ERW pipes with manufacturing facility at Nagothane . Zero debt company. Also, there are no ICDs or corporate guarantees outstanding as on 31st March 2024. Company is doing capex of ~Rs. 852 Cr (through internal accruals), — SHARE is a gold mine for investors. We are at strong base formation of 2nd wave longs and soon to breakout in 3rd wave.
NSE:MAHSEAMLESLong
by tanrakesh47815
Maharashtra Seamless - Ready for upmoveMaharashtra Seamless Ltd (NSE: MAHSEAMLES), part of the D. P. Jindal Group, is a leading manufacturer of seamless and ERW pipes in India, also diversifying into renewable energy and rig operations. The company has shown consistent financial performance, with strong profit growth of 26.3% CAGR over the last five years and a high ROCE of 22.9%. Despite a recent dip in sales and profits, MSL's debt-free status and robust product portfolio, including exports to major markets globally, make it a promising investment. With a CMP of ₹656, I am buying with a stop loss at ₹566 and a target of ₹1425. **Disclaimer:** This content is intended solely for informational purposes and does not constitute investment advice or a recommendation to buy or sell any securities. The views expressed are based on the my analysis and are subject to change without notice. Past performance is not indicative of future results. The author or their affiliates may hold positions in the securities discussed. Investors are advised to consult their financial advisors before making any investment decisions. Trading and investing in stocks or any other financial instruments involve risks, including the loss of principal. I am not responsible for any loss or damage resulting from the use of this information.
NSE:MAHSEAMLESLong
by profitoptionnew
Maharashtra Seamless - Can we identify the Bottom?Established in 1988, Maharashtra Seamless Ltd specializes in the production of seamless pipes and tubes, as well as ERW pipes. The company is also engaged in renewable energy generation and rig operations. Over the past five years, it has achieved a commendable profit growth rate of 26.3% CAGR and maintains a positive free cash flow. The stock's price-to-earnings (PE) ratio stands at 10, significantly lower than the industry average PE of 27.5. In terms of technical analysis, particularly through the lens of Elliott Wave theory, it appears that the stock has completed its 4th wave. For a detailed explanation on Elliot waves basics, please refer to the following link: www.investopedia.com Upon reviewing the fourth wave position depicted in the provided link, it seems that Maharashtra Seamless is currently situated in that phase. The conclusion is drawn from the following clues related to the general rules of wave 4 & technical analysis: 1) Typically, wave 4 retraces wave 2 by 23% to 38%. In some instances, it may extend to 50% or even 61.8%. This extension occurs when wave 2 experiences a shallow retracement (less than 50% of wave 1) or when the minor wave 5 in the preceding impulse is extended (exceeding 100% of the length of waves 1-3). In this case, the second scenario applies, as wave 4 has retraced to the 50% level. 2)Also we can see a well defined ABC patter till wave 4 end which respects the general guidelines for Elliot wave. The wave A and wave C are almost equal 3)Major corrections often provide indications through price action or candlestick patterns. In this instance, a morning star formation is observed at the 50% Fibonacci level on the weekly timeframe, suggesting a potential reversal from these levels. The wave counts, stop loss, and target levels are illustrated on the accompanying chart. DISCLAIMER: It is important to note that the information provided in this analysis is intended solely for educational purposes. It is strongly advised to consult with a financial advisor prior to making any investment decisions. I cannot be held responsible for any financial losses that may occur.
NSE:MAHSEAMLESLong
by harshit22
MAHARASTR SEAMLESS-- ACCUMULATEPOSITIVE DIVERGENCE near to major support zone . down 5 ending . The stock is trading at price to earnings (PE) ratio of 8.82. This is 30 % lower than its 5 year-average of 12x.High Book value of Rs500.ROCE 22.9 % Company is almost Debt free . Profit growth of 26.3 % CARG over last % years. enjoys a 55% market share in the seamless pipes segment serving a wide variety of industries from agriculture and chemicals to engineering and oil and gas and renewable power generation .
NSE:MAHSEAMLESLong
by tanrakesh47815
SWING IDEA - MAHARASHTRA SEAMLESSMaharashtra Seamless , a leading manufacturer of seamless pipes in India, is showing technical patterns that suggest a potential swing trading opportunity. Reasons are listed below : Support at 800 Level : The 800 level has proven to be a strong support zone, indicating significant buying interest at this price point. 0.382 Fibonacci Level Support : The price has found support at the 0.382 Fibonacci retracement level, suggesting a potential reversal or continuation of the uptrend from this key level. 50 EMA on Weekly Timeframe : The stock is trading around the 50-week exponential moving average, which acts as a support level and indicates a long-term uptrend. Bullish Marubozu Candle on Daily Timeframe : The recent daily candle is a bullish marubozu, characterized by a lack of shadows, indicating strong buying pressure and potential for further upward movement. 200 EMA Support on Daily Timeframe : The stock is also finding support at the 200-day exponential moving average, which reinforces the overall bullish sentiment and provides additional support for the uptrend. Target - 965 // 1095 Stoploss - weekly close below 735 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:MAHSEAMLESLong
by Visionary_Growth_Insights
Maharashtra Seamless LimitedThe co. has a market share of 55% in the seamless pipes segment and a market share of 18% in the API-certified, high-frequency ERW pipes segment. Revenue as FY22 Steel Pipes and Tubes: 95% Clientele Some esteemed clients of the Co include Indian Oil Corporation Ltd, BHEL, Reliance Industries Ltd, ISGEC, NTPC, Larsen & Toubro, and more, and Infrastructure clients are Adani, DLF, GAAR, IGL, Unitech etc. On installation of finishing facilities at Telangana in FY24, existing capacity of 100,000 MTPA will be activated (seamless pipes segment)
NSE:MAHSEAMLESLong
by EQUITYBROKER
Strong fundamentals breakout Entry CMP Stop 506 Breakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
NSE:MAHSEAMLESLong
by UnknownUnicorn24085472
Maharashtra Seamless Ltd.*Maharashtra Seamless Ltd.* C&H Pattern: Yrly Basis Price BreakOut, Good to Go!!! Vol. Consolidation & Continued Vol. BuiltUp. *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot:* Estab. in ’88, part of DP Jindal Group. Mfg. Seamless Steel Pipes / Tubes. Also in Renewable Power Generation (59.5 MW). Prod. Capacity: SP (450,000 TPA) / ERW Pipes (1,25,000 TPA) Acquired under IBC Proceedings in FY19, USTPL (Seamless Pipe Mfg. Capacity of 200,000 TPA). Sound Leverage. Adequate ICR. Low Equity Base. Improved RoA / RoE / RoCE over Past 3 Yrs. PE at 10.1x vs. Ind. PE at 17.6x Rising Sales / Profitability: Qtrly (Fluctuating) / Yrly Basis. Continuous Stake Increase by Promoters Since Sep’21 *Concern:* Investments in Group Cos.: ~Rs.337 Crs (FY22 = ~7% of Equity). Vulnerability to cyclicality associated with Oil / Gas industry. *Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)
NSE:MAHSEAMLESLong
by IdeasNeosagi
Maharashtra Seamless LtdManufacturer of : ERW Pipes - MS & Galvanized Pipes, API Line Pipes, OCTG, OCTG Casing Tubing. Seamless Pipes - Hot Finished Pipes & Tubes, Cold Drawn Tubes, Boiler Tubes, API Line Pipes, OCTG, OCTG Casing, and Tubing, OCTG Drill Pipe. Coated Pipes - 3LPE, FBE, 3LPP, Internal Coating, Premium Connections, Pipe Fittings. Company with good fundamentals - Except cashflow (negative) Trading above all moving averages looking bullish , break out above 52 week high will take out 950 rupees - Target 1
NSE:MAHSEAMLESLong
by madhu2811