Considering the pedigree of the management, the fact that funds to the tune of 320 crores are lying in bank account since a year ( out of the proceeds of the fccb issue ) awaiting the acquisition by the company of an appropriate candidate or setting up of a green field vertical integration project of mfg. billets, coupled with the fact that the company has increased its installed capacity of seamless tubes from 2,25,000 TPA to 3,50,000 TPA provide enough comfort to add more shares at around the price of 500 to 520.

No idea on Welspun but this one is a nice bet to make.

This is my first message. Maharashtra seamless deals mostly in seamless pipes as differentiated  from other players. As seamless pipes have higher margins, this is the reason for the extraordinary RONW for this player. They have acquired a plant in Romania which is proposed to be shifted and production started in 2 years from India. A speciality of this plant is the drill pipe facility which is having strong demand. Around 25% of seamless pipes in use in the country are being imported and thus there is good growth possibility for this player. Company has been enjoying good RONW of  above 25% since 2001, (when the steel cycle had not yet started, and hence not a cyclical stock) a record enjoyed only by a handful of companies. This RONW has been acheived with little debt and dividend payout ratio of below 10%. The MD of this company is only about  34 years old and the present record shows great promise, for long years to come. Great performance can be expected in the next financial year and as per my estimate, the stock should double in 3 years time, from present price of 600 Rs.. I should however inform you that 15% of my holdings are in this stock and plan to accumulate more at 450-500 range. Management quality and financials are so good that one can acquire this company by reading the balance sheet alone. A problem with this company is that they dont send annual reports unless you personally ask them, and promoters start accumulating shares, when share price drops, instead of initiating share buyback. Demand details are hazy beyond 3 years, unless management comes out with solid plans for import substitution. I decided that you are a good web site since you have highlighted this stock.

Capital markets are supposed to be a over done reflection of the economy, however more and more people these days look at capital markets to get the real image!
just my 0.2 paise (after all, these days cents are not that trustworthy)

Welcome back kulman sir!