A growth oriented company having coal & iron ore mines and ferro alloys mfg. plant focused on value added products like sponge iron, steel billets, wire rod and h.b. wire and thermal & hydro power generation plants..
Increasing its mining capacities in both coal and iron ore Increasing its wire rod & hb wire capacities Increasing its power generation capacities Increasing its ferro alloy production capacities
holding for long term, 12 months or so, may make sense here.. as long as it remains in the parallel channel... price at the middle of the bollinger band with the possibilty of visiting the lower end.. quarterly results this friday