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Friday, 6 October 2017

https://youtu.be/M65MLMgL_wU

*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

PSL don't make commodity steel. PSL makes only Technical/Special steel rods/wires used in EPC/ Engineering/Machinery/Power plants

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

With mktcap of just 110cr, PSL is TOP PICK

*Some real big corporate action expected in Q2CY18 which can take its shares price to 150*

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