Vallabh Steels Ltd Stock Research

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Vallabh Steels Ltd Detail

Vallabh Steels Ltd is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Steel sector.

As per the Company website it manufactures steel bars and binding wires. The Company was founded in year 1995.It adheres to ISI standard. The Company has registered Sales office and head office in Vadodara.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Vallabh Steels Ltd Stock Performance

The stock was trading at level of 14 in year 2002. Right now it is trading at level of 30 odd. Thus the stock has given 2 times return in last 16 years or so. If you look at above graph the stock price is moving upwards and downwards over the years. The fluctuation in prices is around 20 INR mark.

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It seems decent bbuy below 20 INR price point and above this price point.40 can be treated as the max point as stock has not moved past this point over the years.

Vallabh Steels Ltd My Opinion

Vallabh Steels Ltd is a Steel company. Subramian P has some steel companies in his portfolio. Steel is cyclic sector as indicated by above price performance chart. It zooms and comes down regularly. Cyclic stock are good way to make immediate profit but are often unpredictable in nature with respect to entry and exit points.

I have not invested in this stock or the sector. Steel is matured sector. The company is local player (in state of Gujarat near Vadodara region). It may see some growth being a local player but that does not qualify it to be candidate of my portfolio or watchlist. I will not track this stock or sector.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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