News for Aichi Steel Corporation (5482.T)

The global special steel market is gaining traction due to surge in construction and building activities, replacement of existing railway gauges with...

So far in the calendar year 2023, VSSL surged nearly 40 per cent after the company reported strong operational performance in Q3FY23, due to higher sales of value added products and cost optimisation

In the past three months, Vardhman Special Steels has zoomed 49% and KPIT Technologies has surged 41% as compared to a 3% decline in the S&P BSE Sensex

ICICI Direct is bullish on Vardhman Special Steel recommended buy rating on the stock with a target price of Rs 425 in its research report dated March 17, 2023.

Vardhman Special Steel Ltd. is among India’s leading steel bar producers for automotive applications. It has specialised product offerings, which include steel bars, rods and bright bars of various categories of special and alloy steel. Vardhman Special Steel has started mass production of steel for forging companies of Aichi Steel Corporation based in South East Asia for some grades for which the company has received the approvals. Sales of these products for FY24 will be ~10000 tonnes.

Increasing use of eCompasses in consumer electronics, such as wearables, tablets, and smartphones, is fueling global market growth...

The company said sales of these products for FY2023- 24 will be 10,000 MT approx and further increase with receipt of more approvals in next 2-3 years.

ICICI Direct recommended hold rating on Vardhman Special Steel with a target price of Rs 325 in its research report dated February 03, 2023.

Country hopes to benefit from companies diversifying supply chains

Major Digital Compass Market Participants includes STMicroelectronics, Honeywell International Inc., NXP Semiconductors, TDK Corporation, AICHI STEEL...