MAHSEAMLESS

Maharashtra Seamless Ltd. (MSL) is a great investment opportunity. Here's why:

Current Price: The stock price is ₹632.

Stock Buy Strategy:

Phase 1: Buy if it goes above ₹727 and stays there for at least 2 weeks.

Phase 2: Buy if it drops between ₹532 and ₹507.

Targets:

Short-term: ₹611, ₹727, ₹945+

Long-term: ₹611, ₹727, ₹781, ₹852, ₹945, ₹1078, ₹1200

Market Leadership: MSL is a big player with 55% market share in seamless pipes and 18% in ERW pipes in India. It produces 450,000 metric tons of seamless pipes and 125,000 metric tons of ERW pipes every year.

Diverse Products: MSL supplies to industries like oil, gas, petrochemicals, power, and automotive. It makes high-value pipes needed for critical uses.

Strong Finances: In Q1 FY25, MSL made ₹1,216 crore in revenue and ₹126 crore in EBITDA, showing steady profits despite market ups and downs.

Debt-Free: As of June 2024, MSL has no debt and ₹2,203 crore in liquid investments, giving it financial freedom for future expansions.

Solid Orders: MSL has an order book worth ₹1,812 crore as of July 2024, with major orders from ONGC and Oil India, supported by the "Atma Nirbhar Bharat" policy.

Supportive Trends: Growing oil demand globally and in India increases the need for MSL’s pipes. Government policies like anti-dumping duty on Chinese imports and the "Make in India" initiative boost its market position.

These points highlight MSL’s strong market position, financial health, and growth potential.