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Midcap Microscope: Here are factors that cushion Kalyani Steel in a downtrend in the steel industry

Updated : December 03, 2020 16:23:51 IST

The Indian steel industry has bounced back off late and Pune-based Kalyani Steel seems to be in a sweet spot.

Kalyani Steel has a clean balancesheet, has a strong promoter entity, and has a large exposure to the auto space. However, what stands out is the market capitalisation of around Rs 1,000 crore and Rs 500 crore cash on the books providing a cushion for the company in a downtrend in the steel industry.

In the special segment 'Midcap Microscope', CNBC-TV18's Nigel D’Souza details the factors that cushion Kalyani Steel in a downturn as well as what markets would like clarity on.

Watch the video for more.
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