ELECTROSTEEL STEELS LTD Rs 4.50/

Promoted by Electrosteel Castings Ltd, ESL is engaged in production of
steel products. However, due to time and cost over-run, ESL has been
incurring heavy losses. On equity of 2409 crores, ESL has incurred
loss of 1463 crores for FY17. Finance charges during the year were
1179 crores.

To turn profitable, ESL needs infusion of funds.

As per our extremely reliable sources,  2 big industrialists (one is
Mumbai based in pharma/financial services and other is a Cement Major)
shall be infusing funds in ESL by way of equity stake. While Mumbai
based industrialists shall remain as strategic investors, Cement major
shall assume management control of ESL. Proposal is under
consideration of lenders of ESL

Once official announcement comes in this regard,  stock price of ESL
can be Rs 13-18 in few weeks thereafter

Downward risk is negligible.

Buying recommended for Multibagger gains