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𝗠𝗲𝘁𝗮𝗹𝗞𝗼𝗻𝗻𝗲𝗰𝘁 𝗡𝗼𝗻-𝗙𝗲𝗿𝗿𝗼𝘂𝘀 𝘂𝗽𝗱𝗮𝘁𝗲𝘀

 The LME complex mostly advanced on Monday. Copper and zinc advanced 1.36%, tin edged up 1.3%, aluminium climbed 0.96% and lead increased 0.05%, while nickel went down 0.34%. -Aluminium: Three-month LME aluminium rose 0.96% to close at $1,953/mt on Monday. It is expected to trade between $1,930-1,980/mt today.  -Zinc: Three-month LME zinc rose 1.36% to close at $2,676/mt on Monday. It is likely to trade between $2,640-2,690/mt today. -Lead: Three-month LME lead rose to an intraday high at $1,916.5/mt before repairing some gains to settle 0.05% higher at $1,909.5/mt on Monday. - Tin: Three-month LME tin closed up 1.3% at $18,665/mt on Monday.

Research on JSW

The company’ cash balance has increased 71% on a compounded average basis over the last 5 years. Revenues and Profit before tax and exceptional items (in Rs. Cr): FY20 – 73,872 & 3,818 FY19 – 84,961 & 11,168 FY18 – 73,378 & 7,915 FY17 – 57,168 & 5,131 FY16 – 41,177 & 621 There was a decline in the exports of Q4 due to the global health pandemic that led to a reduction in consumption. Net debt to equity ratio of the company has risen in the last 5 years: FY20 – 1.33 FY19 – 1.17 FY18 – 1.27 FY17 – 1.53 FY16 – 1.71 Rs. 3,966 crores liquidity in FY20. 21% compounded annual growth in revenue in last 17 years. 11% compounded annual growth in profit before taxes and exceptional items in last 17 years. by Shreya Dalmia Research Window