Sharda Energy & Minerals Ltd: Buy

Sharda Energy & Minerals Ltd: Buy

CMP: Rs.167.50

Targets: Rs.203/220

SL: Rs.161.

Sarda Energy & Minerals Limited (SEML), incorporated in 1973, is the flagship company of Sarda Group. 

It has a Promoters’ holding of 71.9%.

It is a  vertical integrated producer of steel with captive iron ore. 

It is also a manufacturer​ and exporter of niche grade manganese based ferro alloys.

It generates captive power from Waste heat & coal.

It also has interests in Hydro power projects through SPVs. 

It is a TWO STAR EXPORT HOUSE, recognized by the Ministry of Commerce & Industry, Govt. of India. 

SEML is one of the lowest cost producers of steel (Sponge Iron, Billets, Ferro Alloys, Mining, Power, Pellets, Iron Ore,Wire Rod Mill, Eco Bricks) and one of the largest manufacturers and exporters of ferro alloys in India. 

Headquartered in Raipur, Chhattisgarh, the company merged Chhattisgarh Electricity Company Limited (CECL) with itself in 2007 with a vision to becoming a leading energy and minerals company. 

Buy the shares of Sarda Energy and Minerals Ltd at around RS.167/168, with targets mention above. I'm expecting the share your double by 3/4 months time frame.

Book some profits in Central Bank of India LTD at around Rs.19.95.

My yesterday's recommend stock, has hit another buy freeze today. Try tomorrow -- I will paste the name here if it is out of the Circuits.

I will recommend another momentum counter this week. Keep an eye on this blog and make money.

Note: If you have lost money earlier, then arrange a fund of around Rs.3/4 lakhs and come to me. I will guide you to cover your losses, with new techniques.

I don't run any PMS service.