@Manan Surana ji, I'm not very conversant with the Iron & Steel industry and hence perhaps not the best placed to respond to you. However, I did see the Company briefly and it does look decent to me, but I also feel that if you really want to play the Iron & Steel industry then there are so many other larger, well known and well-run companies which are listed on the Main Board which could be a safer play and provide similar returns. With this Company you're not only exposed to business size risk but also the new projection execution risk along with commodity price risk (which all players big and small are exposed to). I'd believe that larger companies would be better place to manage all such risks versus a smaller player whose financials can go through significant volatility due to any of these risks playing out even mildly. In early January next year when a year is completed since listing there may be some pressure on price by those who wish to exit since the stock hasn't given much return so my suggestion would be to exit since there is still some profit to be made on the IPO price despite the STCG. My best wishes!
Keep minting!
Zerodha (Trading Account)
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