*To be 2x:Electrosteel Steels Ltd*

As per our sources, *PROMOTER OF DALMIA BHARAT LTD ( CMP 2700, FV 2) MAY WREST CONTROLLING STAKE IN ESL AT NCLT HEARING*

Although existing promoter likely to retain his stake and Edelweiss may do funding of 1100cr for revival

_Minimum 2x because mgtmnt change can't be at discount. MINIMUM AT PAR_

Capacity 2.5 million tonnes with Ore mines

Good P/V action seen in Electrosteel Steel. The stock is giving early signs of an impending up-breakout. Can't rule out the stock going to double figures in the short term. Use corrections to load-up on the stock in your portfolio.

By Sh G R Chari

DOW TIMES: As per our reliable source, promoter of South based Cement/Sugar giant frontrunner to acquire mgtmnt control at NCLT@11-12.

*ESL can be in Double digits in few weeks*