JSW Steel
30 Mar 2009
JSW Steel shareholders can hold on to the stock, as the coming quarters may bring improved financial performance, on the back of volumes from newly-commissioned capacities and lower input prices. At Rs 231, a trailing price-earnings multiple of five times, the stock’s valuation is at a discount to steel sector peers.However, the company’s relatively high overseas exposure, the vulnerability of its US operations to recessionary trends and the debt on its consolidated balance-sheet leading to loss
2 Responses
2009 Mar 30
How come steel is more elastic than rubber ?
A steel ball does not bounce as much as a rubber or tennis ball. How do you define elasticity? One fiber of a spider web is stronger than a steel wire of the same dia. - is this true ?
Please explain in some detail.
2009 Mar 30
Elasticity is the capability of an object to return to its former shape once a load inducing strain is removed.
If you were to drop a steel ball on a very hard surface, it would probably bounce higher than than rubber. If you drop it on a softer surface, because it would deform less, then the surface it is to bounce off will be the one deforming, so the bounce would be a function of the elasticity of the floor, not of the ball.
A strand of silk is indeed stronger than a steel wire of the same diameter. The reason is that metal uses metallic bounds which is not as strong as the covalent bounds in a macro-molecule like the ones in silk. This also explains why Kevlar, carbon fiber, and carbon nanotubes are also stronger than steel.
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