As on 17th Jan 2022 SAIL Share Price closed @ 107.40 and we RECOMMEND Sell for LONG-TERM with Stoploss of 111.21 & Sell for SHORT-TERM with Stoploss of 111.22 we also expect STOCK to react on Following IMPORTANT LEVELS.
SAIL Share Price.
Why is SAIL stock price increasing?
Over the years, SAIL has been a laggard due to project delays, high employee costs and high cost structure compared to its peers. … Most leading steel companies such as Tata Steel and JSW Steel are currently trading at their lifetime highs.
SAIL shares have so far this year surged 76 per cent, outperforming the Sensex which has gained 25 per cent. You can invest in SAIL share below 100 to get good returns. Since 52week low is 34. You can wait and invest.
Did Rakesh Jhunjhunwala buy SAIL?
Rakesh Jhunjhunwala holding in SAIL
Big Bull had bought 5.75 crore SAIL shares or 1.39 per cent stake in April to June 2021 quarter adding the PSU metal stock in his portfolio. So, in Q2FY22, the ‘Warren Buffett of India’ raised his stake in this stock that also reflects his strong conviction in regard to SAIL shares.
Is SAIL good for long term investment?
The share price of SAIL has halved over the past one year from Rs 110 to its current price of Rs 54. The company is on a steel capacity expansion drive to 21 mtpa from the current 12.8 mtpa at an estimated project cost of Rs 62,000 cr. … However, SAIL is a good long term bet and can easily double in the next 18 months.
Why is SAIL banned?
The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore have been currently put in the ban period by the stock exchange, said NSE. … “Any increase in open positions shall attract appropriate penal and disciplinary action,” NSE added.
Why should you accumulate SAIL?
Note that the replacement cost measured by EV/ tonne also stands below ₹50,000 per tonne for SAIL, less than half of what the big peers in the industry – Tata Steel and JSW Steel – command. Hence, investors with a long term horizon and high risk apetite can consider accumulating the stock on dips from current levels.
Why is SAIL making loss?
“Reduction in prices, which has hurt the financial performance of all major domestic steel producers during the quarter, impacted the profitability of SAIL as well with the company posting a (standalone) net loss of ₹429.62 crore in third quarter of FY20,” the company said.
Is sail a debt free company?
The steel manufacturer has a net debt of around ₹ 30,000 crore by the end of April-June quarter of the financial year 2021-22, compared to ₹ 35,350 crore by the end of the previous fiscal year. … SAIL had decreased its net debt by ₹ 16,131 crore to ₹ 35,350 crore during the financial year 2020-21.
One of the reasons for the street’s disappointment was the slow pace of debt reduction in the company. It was the sharp fall in global steel prices that caused the bigger dent to the steel maker’s stock price. Check out the latest news, analysis and updates on Business Insider.
Is Tata steel a good stock?
TSL’s share price has given a return of 93% over the last 12 months (from ~Rs 610 in December 2020 to ~Rs 1178 levels in December 2021). We value TSL at Rs. 1400, based on SoTP valuation. We maintain our BUY rating on the stock.
Stocks to Buy Today: Best Shares to Buy in India
Is sail a govt company?
Steel Authority of India Limited (SAIL) is a government owned steel producer based in New Delhi, India. … According to a recent survey, SAIL is one of India’s fastest growing Public Sector Units. Besides, it has R&D Centre for Iron & Steel (RDCIS), Centre for Engineering in Ranchi, Jharkhand.