🟩CROSS WEEK GOLD STOCK🟩

📈 SANDUR MANGANESE & IRON ORE LIMITED

Sandur Manganese and Iron Ore Limited is a leading mining company in India
that operates two large scale mines in the state of Karnataka. The company is a
pioneer in the field of mining and has been in operation since 1954. It is primarily
engaged in the exploration, production and processing of iron ore and
manganese ore, which are key raw materials in the steel industry. SANDUR has a
rich history of sustainable mining practices and is committed to preserving the
environment and benefiting the local communities in which it operates. With
advanced technology and a skilled workforce, the company has established itself
as a major player in the mining sector. Its high-quality products and ethical
business practices have earned it a strong reputation in the domestic and
international markets. SANDUR continues to strive towards growth and
innovation, while adhering to its core values of integrity, excellence and
sustainability. It is a shining example of success and responsible mining in India.

SECTOR : METALS & MINING / INDUSTRY : MINING

EXPECTATION - (Short Term – 40-50%)

Fundamentals-

● The stock has exhibited outstanding performance, boasting a remarkable 120%

gain over the past year, reflecting its strong fundamentals.
● With a market capitalization of 5991 Crores and an impressive ROCE (return on
capital employed) of 14.5%, this stock appears to be an attractive choice for
institutional investors seeking high returns.
● In the current market landscape, the stock is encountering resistance at its
current level, indicating potential for further upside if this resistance is overcome.
● Over recent months, both retail investors and Foreign Institutional Investors (FIIs)
have shown significant interest in this stock, as evidenced by substantial inflows
of capital and increased trading volume, signaling an accumulation phase on the
price chart.

Financials-

● When evaluating a stock, it's crucial to assess the financial health of the
company, focusing particularly on its quarterly net profit and revenue figures.
● SANDUR demonstrated an impressive 200% growth in annual revenue
compared to the previous financial years, indicating strong financial performance.
● The company achieved a remarkable Profit After Tax of Rs 915 Cr, reflecting a
staggering 400% year-over-year growth.
● With a Debt to Equity Ratio of 0.11, SANDUR maintains a healthy financial
position, as the majority of its assets are financed through equity.
● Furthermore, SANDUR boasts an Interest Coverage Ratio of 16.22, surpassing
the recommended threshold of 1.5, signifying its ability to comfortably meet
interest payments with its earnings (EBIT).
Technical Aspects-

● Currently, the stock is experiencing a downtrend, evidenced by consistently lower

highs and lows since February 2024.
● Trading below both its 50-day and 200-day moving averages, the stock reflects a
bearish sentiment in the market.
● Despite this short-term downturn, the overall trend remains bullish, with a strong
upward trajectory observed since December 2023.
● Key support and resistance levels are identified at 344.6 and 368.6 respectively,
with short-term support at 318 and resistance at 395.6.
● The ongoing correction in SANDUR's stock price may raise concerns, but it's
viewed as a healthy consolidation phase, particularly given the upcoming general
elections.
● Anticipated consolidation completion suggests a potential breakout, signaling a
positive outlook for the stock's future performance.
Institutional Aspects -

● Foreign Institutional Investors (FIIs) currently hold 0.59% of the shares, while
Promoters maintain a significant stake at 74.22%, signaling optimistic market
sentiment.
● Recent weeks have seen a surge in FII holdings and a notable increase in
Promoters' stake, reflecting confidence in the stock's potential.
● Mutual Funds have also shown faith in the stock, with their holdings rising by
0.81%.
● Increased activity in bulk orders has been observed in recent weeks, indicating
substantial investment interest.
● Noteworthy inflows of significant capital, coupled with high trading volumes from
retailers, highlight strong market participation.

The Game Changer :

📈 The correction in the stock of SANDUR might concern you but trust me this is
healthy for the stock due to the general elections coming up.

📈 The company is expanding its production capacity which will generate more
revenue in the near future.

📈 Operations suggestion - BUY between the price range of 315-325