POISED FOR BIG IMPROVEMENT:

PANCHMAHAL STEEL

1) For Q1, PSL can report PBT of 2.90 Cr Vs LOSS of 4.85 Cr, *turnaround of nearly 8 Crores*

2) PSL has obtained ISO 18001 recently. It makes PSL eligible for Exports to Europe

3) GST has served big blow to unorganized sector competitors and PSL _stands to benefit immensely from GST_

*Extreme Confidence*

PANCHMAHAL STEEL LTD

Promoter has increased his stake to 72.62% vs 70.79% QoQ
Many times promoters increase their stake when their stake is on lower side, say 40-50%.
However PSL promoter already held 70.79% and still buying another 2% from open market means that PSL HAS GREAT FUTURE

Moreover, _floating stock slowly drying up as 2 institutions holding 17.70 lac shares have completely exited_

With mktcap of just 110cr, PSL is CHEAPEST STEEL STOCK