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SAIL shines on supplying 4000 tonnes of special steel for seventh frigate ship of Indian Navy Steel Authority of India is currently trading at Rs. 94.39, up by 3.73 points or 4.11% from its previous closing of Rs. 90.66 on the BSE. The scrip opened at Rs. 91.06 and has touched a high and low of Rs. 94.58 and Rs. 90.90 respectively. So far 1140562 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 96.14 on 01-Aug-2023 and a 52 week low of Rs. 73.25 on 28-Sep-2022. Last one week high and low of the scrip sto...
SAIL shines on supplying 4000 tonnes of special steel for seventh frigate ship of Indian Navy
SAIL shines on supplying 4000 tonnes of special steel for seventh frigate ship of Indian Navy
Source: Accord Fintech
1/09/2023 2:39:46 PM
Reduce Steel Authority of India Ltd For Target Rs.80 - Centrum Broking Earnings to bounce back in Q2; Capex mode on Steel Authority of India (SAIL) reported better-than-expected Adj EBITDA of Rs16.5bn (CentrumE: Rs15bn),though down 43% QoQ. The realisation increased sequentially by Rs800/t (up 1%) offset by lower volumes (down 17% QoQ). CoP was up 5% QoQ due to higher coking coal consumption cost, resulting in fall in EBITDA/t by Rs1955/t (32%) QoQ to Rs4245/t. For Q2FY24, realisation/t is expected to be flattish to fall of Rs1000/t while fall in coking coal ...
Reduce Steel Authority of India Ltd For Target Rs.80 - Centrum Broking
Reduce Steel Authority of India Ltd For Target Rs.80 - Centrum Broking
Source: Centrum Broking Ltd
18/08/2023 3:07:57 PM
Neutral Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services Lower volume off-take and higher input costs dent performance * SAIL’s revenue was up 1% YoY to INR244b in 1QFY24, lower than our estimate of INR268b. The miss was due to lower volumes, which were partially offset by higher-than estimated ASP. * ASP stood at INR62,713/t – down 18% YoY, but was INR3,111/t higher than our estimate (of INR59,601/t). Global macro headwinds and slower demand pick-up in China hit international steel prices in 1QFY24. * EBITDA was down 28% YoY t...
Neutral Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services
Neutral Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
16/08/2023 12:43:26 PM
Power Mech Projects soars on bagging Mine Development and Operation Project from SAIL Power Mech Projects is currently trading at Rs. 4624.65, up by 406.10 points or 9.63% from its previous closing of Rs. 4218.55 on the BSE. The scrip opened at Rs. 5062.25 and has touched a high and low of Rs. 5062.25 and Rs. 4624.40 respectively. So far 4167 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5,062.25 on 31-Jul-2023 and a 52 week low of Rs. 878.95 on 29-Jul-2022. Last one week high and low of the s...
Power Mech Projects soars on bagging Mine Development and Operation Project from SAIL
Power Mech Projects soars on bagging Mine Development and Operation Project from SAIL
Source: Accord Fintech
31/07/2023 9:38:42 AM
Stock Picks : Sun Pharma Ltd and Steel Authority of India Ltd By ICICI Direct Sun Pharma Ltd Buy Sun Pharma Ltd @1045-1047; Target 1062.00; Stop Loss 1037.80   Steel Authority of India Ltd Buy Steel Authority of India Ltd @89.80-90.20; Target 91.70; Stop Loss 89.20     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   A...
Stock Picks : Sun Pharma Ltd and Steel Authority of India Ltd By ICICI Direct
Stock Picks : Sun Pharma Ltd and Steel Authority of India Ltd By ICICI Direct
Source: ICICI Direct
11/07/2023 9:52:45 AM
Stock Picks : DLF Ltd and SAIL Ltd By ICICI Direct DLF Ltd Buy DLF Ltd @492.50-493.50; Target 499.00; Stop Loss 490.30   SAIL Ltd Buy SAIL Ltd @87.20-87.80; Target 89.50; Stop Loss 86.80   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the web...
Stock Picks : DLF Ltd and SAIL Ltd By ICICI Direct
Stock Picks : DLF Ltd and SAIL Ltd By ICICI Direct
Source: ICICI Direct
4/07/2023 12:19:32 PM
Neutral Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services Revenue in line; marginal miss on EBITDA   Domestic demand continues to remain robust * Revenue was down 5% YoY at INR291b in 4QFY23, and was in line with our estimate of INR292b. * ASP for the quarter stood at INR62,245/t (down 5% YoY) against our estimate of INR 64,908/t. * EBITDA was down 33% YoY at INR29b (11% miss), driven by higher coal prices, volatility in steel prices, higher royalty payment, volatility in forex, and higher employee cost, which adversely impacted ...
Neutral Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services
Neutral Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
3/06/2023 11:08:33 AM
Coal imports rose 30% to 162 million tonnes in 2022-23: Report Domestic coal imports went up by 30 per cent to 162.46 million tonnes in 2022-23, as against 124.99 million tonnes during the corresponding period of last year, according to an e-commerce platform mjunction's report. The report further said that coking coal imports also rose by 5.44 per cent to 54.46 million tonnes in 2022-23 as against 51.65 million tonnes in 2021-22. The publication went on to add that in March, non-coking coal imports were at 13.88 million tonnes as against 12.61...
Coal imports rose 30% to 162 million tonnes in 2022-23: Report
Coal imports rose 30% to 162 million tonnes in 2022-23: Report
Source: IANS
8/05/2023 4:38:52 PM
Neutral Steel Authority of India Ltd For Target Rs.85 - Motilal Oswal Financial Services * SAIL, one of the largest steel manufacturers in India with an annual capacity of ~21mt is all set to capture the growing steel demand amid expansion in infrastructure and construction. * SAIL has five integrated steel plants at Bhilai, Durgapur, Rourkela, Bokaro and IISCO (Burnpur) along with three special steel plants at Salem, Durgapur and Bhadravati (Visvesvaraya) and one ferroalloy plant at Chandrapur. * SAIL offers an entire gamut of steel products across flats, longs and semis w...
Neutral Steel Authority of India Ltd For Target Rs.85 - Motilal Oswal Financial Services
Neutral Steel Authority of India Ltd For Target Rs.85 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
28/04/2023 12:03:45 PM
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels The consortium of Ramkrishna Forgings Ltd and Titagarh Wagons Ltd has emerged the lowest bidder quoting Rs 12,226.50 crore for making about 1.54 million forged wheels for the Indian Railways for different trains, including Vande Bharat. The two company consortium would be required to set up a wheel test centre at a railway site for prototype testing of newly-designed wheels. "The consortium will set up a state-of-the-art manufacturing facility in India for forged wheel production a...
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels
Ramkrishna Forgings-Titagarh Wagons L1 to make 1.54 mn wheels
Source: IANS
16/03/2023 11:23:57 AM
Steel production to be doubled to 300 MT per annum by 2030: Jyotiraditya Scindia Steel Minister Jyotiraditya Scindia on Thursday said that large scale augmentation would be done to double steel production from the existing 150 million tonnes to 300 million tonnes per annum by 2030. Addressing the Global Zinc Summit, he said that the indian railways and Steel Authority of India Ltd (SAIL) are working together to produce corrosion free steel. "With anti-corrosion features and quality to prevent oxidation in steel products, zinc has tremendous marketing potential for...
Steel production to be doubled to 300 MT per annum by 2030: Jyotiraditya Scindia
Steel production to be doubled to 300 MT per annum by 2030: Jyotiraditya Scindia
Source: IANS
17/02/2023 10:00:02 AM
SAIL trades in green on logging 3.91% rise in crude steel production during Q3FY23 Steel Authority of India is currently trading at Rs. 84.70, up by 0.50 points or 0.59% from its previous closing of Rs. 84.20 on the BSE. The scrip opened at Rs. 83.65 and has touched a high and low of Rs. 85.30 and Rs. 83.65 respectively. So far 358193 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.30 on 11-Apr-2022 and a 52 week low of Rs. 63.60 on 20-Jun-2022. Last one week high and low of the scrip sto...
SAIL trades in green on logging 3.91% rise in crude steel production during Q3FY23
SAIL trades in green on logging 3.91% rise in crude steel production during Q3FY23
Source: Accord Fintech
15/02/2023 1:01:06 PM
Buy Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services Revenue largely in line; EBITDA beat driven by marginal beat on ASP * SAIL reported a weak but in-line quarter; while its revenue and EBITDA were above our estimates driven by higher ASP. As expected, SAIL posted a net loss for the quarter due to higher costs. * Crude steel production fell 12% YoY and 1% QoQ to 4.3mt (in line). Sales grew 33% QoQ to 4.2mt (in line) during the quarter * Revenue declined 2% YoY (+9% QoQ) to INR262b (in line). The 6% beat on our revenue estimate of INR2...
Buy Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services
Buy Steel Authority of India Ltd For Target Rs.80 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
5/12/2022 3:09:22 PM
SAIL, AAI join hands to facilitate operations at Rourkela Airport Aiming to facilitate commercial operations at Rourkela Airport in Odisha under the RCS UDAN scheme, the Steel Authority of India Limited (SAIL) and the Airport Authority of India (AAI), signed an Operation and Management (O&M) agreement on Friday. SAIL, in 2018, had signed an MoU for the use of its own airport, under the UDAN scheme, for the operation of commercial flights. Now, SAIL has signed the O&M contract with AAI, through its Rourkela Steel Plant, to facilitate the commen...
SAIL, AAI join hands to facilitate operations at Rourkela Airport
SAIL, AAI join hands to facilitate operations at Rourkela Airport
Source: IANS
29/10/2022 9:46:00 AM
Government receives Rs 604 crore dividend from SAIL The government has received about Rs 604 crore, Rs 450 crore, and Rs 37 crore from SAIL, HUDCO, and IREL, respectively as dividend tranches, Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey said. In addition to this, the government has also received Rs 81 crore and Rs 31 crore from IRCTC and Bhartiya Rail Bijlee Company Ltd respectively as dividend tranches, he said in a series of tweets. DIPAM deals with all matters relating to management of C...
Government receives Rs 604 crore dividend from SAIL
Government receives Rs 604 crore dividend from SAIL
Source: IANS
6/10/2022 5:12:58 PM
SAIL records turnover of over Rs 1 lakh crore Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot metal and 17.366 million tonnes of crude steel during 2021-22, its best ever production performance. During the Maharatna company's annual general meeting on Wednesday, it was informed that for the first time, it entered the elite club of Indian companies having a turnover of over Rs 1 lakh crore. The company's turnover of Rs 1.03 lakh crore during 2021-22 saw a substantial growth of more than 50 per cent ...
SAIL records turnover of over Rs 1 lakh crore
SAIL records turnover of over Rs 1 lakh crore
Source: IANS
29/09/2022 9:58:54 AM
Key Stock News: Hindustan Copper, SAIL, Patanjali Foods, Ambuja Cements, HPCL-Mittal, JSW Energy - ARETE Securities Hindustan Copper shareholders approve 23.2% dividend for FY22 Shareholders of state-owned Hindustan Copper Ltd (HCL) on Wednesday approved a 23.2 per cent dividend for the financial year ended in March 2022. The company would make a total dividend payout of Rs 112.17 crore as approved in the 55th Annual General Meeting, HCL said in a statement. SAIL records turnover of over Rs 1 trn in FY22, posts 50% rise Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot me...
Key Stock News: Hindustan Copper, SAIL, Patanjali Foods, Ambuja Cements, HPCL-Mittal, JSW Energy - ARETE Securities
Key Stock News: Hindustan Copper, SAIL, Patanjali Foods, Ambuja Cements, HPCL-Mittal, JSW Energy - ARETE Securities
Source: ARETE Securities Ltd
29/09/2022 9:48:49 AM
Buy Steel Authority of India Ltd For Target Rs.96 - Motilal Oswal Earnings disappoint, but costs to peak in 2QFY23 * SAIL’s revenue grew 16% YoY but dipped 22% QoQ to INR240b in 1QFY23, ~8% ahead of our estimate. The beat was largely driven by 9% ASP beat. * EBITDA contracted 65% YoY and 47% QoQ to INR23b due to consumption of coking coal at peak coal prices. Management highlighted that it had purchased coal at even near-peak rates and the same was consumed in 1QFY23. This together with falling steel prices led to a sharp drop in EBITDA. EBITDA/...
Buy Steel Authority of India Ltd For Target Rs.96 - Motilal Oswal
Buy Steel Authority of India Ltd For Target Rs.96 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/08/2022 11:26:55 AM
Reduce Steel Authority of India Ltd For Target Rs.75 - ICICI Securities Impressive EBITDA performance  Steel Authority of India (SAIL) has reported better-than-expected EBITDA at ~Rs23bn led by higher-than-expected realisation increase QoQ. Gross margin was higher by Rs9600/te QoQ. Raw material cost/te was up by ~Rs1,350/te QoQ (a positive surprise). Nearly 33% QoQ decline in volumes impacted operating leverage, thereby, restricting EBITDA gains. EBITDA declined by Rs1,903/te QoQ – a commendable EBITDA performance in our view. We see the possibility...
Reduce Steel Authority of India Ltd For Target Rs.75 - ICICI Securities
Reduce Steel Authority of India Ltd For Target Rs.75 - ICICI Securities
Source: ICICI Securities Ltd
12/08/2022 2:26:27 PM
Key News - Steel Authority of India, RITES Ltd, InterGlobe Aviation, Momenta Pharma, Hindustan Zinc By ARETE Securities SAIL Q4 net slips 29% to Rs 2,479 cr, firm declares dividend of Rs 2.25 State-owned Steel Authority of India on Monday reported 29% decline in consolidated net profit at Rs 2,479 crore for the quarter ending March 31, 2022. It reported consolidated net profit of Rs 3,470 crore in the year-ago period. However, on sequential terms, the company's net profit rose 62% in Q4FY22. SAIL's consolidated revenue from operations rose 32% to Rs 30,759 crore as against Rs 23,285 crore in Q4FY...
Key News - Steel Authority of India, RITES Ltd, InterGlobe Aviation, Momenta Pharma, Hindustan Zinc By ARETE Securities
Key News - Steel Authority of India, RITES Ltd, InterGlobe Aviation, Momenta Pharma, Hindustan Zinc By ARETE Securities
Source: ARETE Securities Ltd
26/05/2022 9:55:43 AM
SAIL gains despite reporting 29% fall in Q4 consolidated net profit Steel Authority Of India is currently trading at Rs. 74.15, up by 0.25 points or 0.34% from its previous closing of Rs. 73.90 on the BSE. The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.70 and Rs. 73.65 respectively. So far 1585685 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 30-Jul-2021 and a 52 week low of Rs. 72.20 on 23-May-2022. Last one week high and low of the scrip st...
SAIL gains despite reporting 29% fall in Q4 consolidated net profit
SAIL gains despite reporting 29% fall in Q4 consolidated net profit
Source: Accord Fintech
24/05/2022 11:30:02 AM
Steel Authority Q4 net profit down 29.78% at Rs 2418.30 cr The company reported standalone net profit of Rs 2,418.30 crore for the quarter ended March 31, 2022 as compared to Rs 3443.80 crore in the same period last year, registering a year-on-year decline of 29.78 per cent. Net revenue of the company rose substantially by 32.09 per cent at Rs 30,758.10 crore in January-March quarter of this fiscal as against Rs 23,286.00 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 54.24 per cent to Rs...
Steel Authority Q4 net profit down 29.78% at Rs 2418.30 cr
Steel Authority Q4 net profit down 29.78% at Rs 2418.30 cr
Source: Dion Global Solutions Ltd
24/05/2022 11:04:03 AM
Key News - Adani Group, Indian Hotels Co Ltd, Steel Authority of India Ltd, Zomato, Oil and Natural Gas Corporation Ltd By ARETE Securities Key News Adanis commit $75 million in Borouge's $2-billion IPO, says report The Adani family has committed $75 million towards the $2-billion initial public offering of Borouge, set to be the biggest ever listing in the emirate. Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO, including the Adani family, Abu Dhabi wealth fund ADQ, which will buy shares worth $120 million, and Alpha Dhabi Holding, which has committed $100 million. ...
Key News - Adani Group, Indian Hotels Co Ltd, Steel Authority of India Ltd, Zomato, Oil and Natural Gas Corporation Ltd By ARETE Securities
Key News - Adani Group, Indian Hotels Co Ltd, Steel Authority of India Ltd, Zomato, Oil and Natural Gas Corporation Ltd By ARETE Securities
Source: ARETE Securities Ltd
24/05/2022 9:53:02 AM
Weekly Tech Picks - Bharat Electronics , SBI Life Insurance, Steel Authority of India Limited, Syngene International Limited By Axis Securities Bharat Electronics • On the weekly chart, the stock has decisively broken out its past eight months “Consolidation Range” (230- 195) on a closing basis indicating strong come back of bulls • This buying momentum was observed from 20, 50 and 100 day SMA and rebounded sharply Bharat Electronics Limited Weekly Tech Picks 08 April,2022 • With current week’s high (242) the stock has registered a new 52-week high which remains a bullish signal • The...
Weekly Tech Picks - Bharat Electronics , SBI Life Insurance, Steel Authority of India Limited, Syngene International Limited By Axis Securities
Weekly Tech Picks - Bharat Electronics , SBI Life Insurance, Steel Authority of India Limited, Syngene International Limited By Axis Securities
Source: Axis Securities Ltd
11/04/2022 10:45:22 AM
Buy Steel Authority of India Ltd For Target Rs.200 - Centrum Broking Earnings hit but deleveraging continues Steel Authority of India (SAIL) reported lower-than-expected EBITDA of Rs34.1bn (CentrumE: Rs36.0bn), down 51% QoQ. The deviation was mainly due to one off employee cost of Rs4.26bn due to change in actuarial valuation. Overall, EBITDA was hit due to higher coking coal cost, lower volume and higher employee cost. EBITDA/t at Rs8,881, down by ~Rs 7,513/t QoQ. Despite poor operating performance, SAIL’s deleveraging journey continues and debt fell...
Buy Steel Authority of India Ltd For Target Rs.200 - Centrum Broking
Buy Steel Authority of India Ltd For Target Rs.200 - Centrum Broking
Source: Centrum Broking Ltd
19/02/2022 10:54:36 AM
Centrum Broking gives 'buy' call for M&M, Hindalco, SAIL The brokerage house Centrum Broking has given a 'buy' call for Mahindra & Mahindra, Hindalco Industries, and Steel Authority of India shares. "While tractor sales have slowed down over a high base and stress in the rural segment, the auto segment is showing improvement as its 'EBIT' margin improved 100 basis points quarter-on-quarter to 3.7 per cent. With a healthy order book and improving supply constraints we expect the auto segment to drive growth in the medium ...
Centrum Broking gives 'buy' call for M&M, Hindalco, SAIL
Centrum Broking gives 'buy' call for M&M, Hindalco, SAIL
Source: IANS
13/02/2022 1:53:19 PM
Steel Authority Q3 net profit up 12.46% at Rs 1443.10 cr The company reported standalone net profit of Rs 1,443.10 crore for the quarter ended December 31, 2021 as compared to Rs 1283.17 crore in the same period last year, registering a year-on-year growth of 12.46 per cent. Net revenue of the company rose substantially by 27.29 per cent at Rs 25,245.92 crore in October-December quarter of this fiscal as against Rs 19,832.93 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 47....
Steel Authority Q3 net profit up 12.46% at Rs 1443.10 cr
Steel Authority Q3 net profit up 12.46% at Rs 1443.10 cr
Source: Dion Global Solution Ltd
10/02/2022 10:04:27 AM
Stock Picks - Buy Steel Authority of India Ltd For Target Rs.121 - ICICI Direct Technical Observations * The Nifty metal space has seen a healthy retracement in the last three months. It is currently seen rebounding after a base at the 100 days EMA. Our preferred pick within the metal space is Sail which we expect to outperform * The share price of SAIL has rebounded after taking support at 200 day EMA (currently placed at | 106) which also coinciding with multiyear breakout area around | 100-105 levels, signaling resumption of up move and fresh entry opportun...
Stock Picks - Buy Steel Authority of India Ltd For Target Rs.121 - ICICI Direct
Stock Picks - Buy Steel Authority of India Ltd For Target Rs.121 - ICICI Direct
Source: ICICI Direct
6/01/2022 11:30:13 AM
Stock Picks - Steel Authority of India Ltd and Sun Pharmaceutical Industries Ltd By ICICI Direct Steel Authority of India Buy Steel Authority of India Ltd @ 112.50-113.50 CMP 113.05 TGT 115.50 SL 111.70   Sun Pharma Buy Sun Pharmaceutical Industries Ltd @ 797.00-798.00 CMP 797.55 TGT 812.00 SL 790.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants a...
Stock Picks - Steel Authority of India Ltd and Sun Pharmaceutical Industries Ltd By ICICI Direct
Stock Picks - Steel Authority of India Ltd and Sun Pharmaceutical Industries Ltd By ICICI Direct
Source: ICICI Direct
23/12/2021 11:14:16 AM
Stock Picks - Buy Steel Authority of India Ltd For Target Rs.126 - ICICI Direct Technical Observations * The share price of SAIL has rebounded after taking support at 200 day EMA also coinciding with multiyear breakout area around | 100, signaling resumption of up move and fresh entry opportunity. * The stock has retraced 50% of its Jan-May up move (| 55-151), a shallow retracement signals a robust price structure and favorable risk-reward at current levels * Going ahead we expect the stock to resume its up move and head higher towards | 126 being its Novem...
Stock Picks - Buy Steel Authority of India Ltd For Target Rs.126 - ICICI Direct
Stock Picks - Buy Steel Authority of India Ltd For Target Rs.126 - ICICI Direct
Source: ICICI Direct
15/12/2021 11:34:11 AM
Buy Steel Authority of India Ltd For Target Rs.142 - Motilal Oswal Expect demand revival in 4Q Weakness in current quarter is temporary  Demand remains tepid in current quarter * This quarter was impacted by several factors, seasonal and non-seasonal, resulting in lower-than-anticipated demand. * The correction in international steel prices has been the key reason for poor demand as buyers have deferred purchases. * Most of the buyers are waiting sideways and ordering only on an absolute requirement basis; no restocking demand is observed...
Buy Steel Authority of India Ltd For Target Rs.142 - Motilal Oswal
Buy Steel Authority of India Ltd For Target Rs.142 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/12/2021 8:56:22 AM
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities Headwinds pile up Steel Authority of India (SAIL) reported better-than-expected EBITDA at Rs70.3bn on the back of better-than-expected volumes. Sales volume was up 29% QoQ, a performance which leads the peerset. Higher sales also allowed for better working capital management in H1FY22 with ~ Rs22bn of working capital release. Gross debt has also reduced from Rs325bn to Rs247bn QoQ. Management guided for SAIL being a net debt free entity by Q1FY23. We see risks in the actualisation of the g...
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities
Source: ICICI Securities
1/12/2021 9:48:29 AM
Buy Steel Authority of India Ltd For Target Rs.241 - Centrum Broking Play on deleveraging, high dividend yield The sharp deleveraging (debt down by Rs78.8bn QoQ) and announcement of Rs4/share interim dividend were the key highlights of SAIL’s Q2FY22 results. Reported EBITDA, which grew 7% QoQ to Rs70.2bn (CentrumE: Rs78.6bn), included additional provision of ~Rs5.65bn related to employee cost post finalization of wage agreement with labor union in October 2021. Adjusted for that, core EBITDA was Rs75.8bn, with EBITDA/t of Rs17,715, down Rs2,000/t QoQ....
Buy Steel Authority of India Ltd For Target Rs.241 - Centrum Broking
Buy Steel Authority of India Ltd For Target Rs.241 - Centrum Broking
Source: Centrum Broking Ltd
1/11/2021 3:20:52 PM
Stock Picks - Buy Steel Authority of India Ltd For Target Rs. 137 - ICICI Direct Technical Observations * Metal index is seen resuming fresh up move after last two months of higher base formation. We expect the metal stocks to resume its primary up move. Sail is one of the preferred pick within the metal space * The stock is seen resuming up move after a higher base around the 200 days EMA (currently at | 105) and has generated a breakout above the falling supply line joining the recent highs since August 2021 (| 144) signalling resumption of up move and offers...
Stock Picks - Buy Steel Authority of India Ltd For Target Rs. 137 - ICICI Direct
Stock Picks - Buy Steel Authority of India Ltd For Target Rs. 137 - ICICI Direct
Source: ICICI Direct
14/10/2021 11:51:14 AM
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities Headwinds pile up Steel Authority of India (SAIL) reported inline EBITDA at Rs65.8bn; on the back of lower than expected volumes. The investment thesis continues to face the dual headwinds of i) higher employee costs and ii) possibility of higher capex. Management has announced Rs650bn of capex to increase capacity by 13mnte across three plants. Coupled with peak spreads and most of the deleveraging expectations in the price, the investment thesis looks clouded. The pace of deleveraging, g...
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities
Source: ICICI Securities
22/09/2021 10:22:35 AM
Buy Steel Authority of India Ltd For Target Rs.175 - Motilal Oswal Biggest beneficiary of improved pricing Deleveraging to continue * SAIL continues to reap the benefits of higher steel prices as it recorded its highest ever quarterly EBITDA of INR65.3b (+7% QoQ), despite volumes declining by 24% QoQ. EBITDA/t was the highest ever at INR19,728/t. * Net debt declined further to INR311b (v/s INR367b in Mar’21). We expect SAIL to further reduce its debt by INR44b to INR267b at the end of FY22. * We broadly maintain our FY22E/FY23E estimate. We...
Buy Steel Authority of India Ltd For Target Rs.175 - Motilal Oswal
Buy Steel Authority of India Ltd For Target Rs.175 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
10/09/2021 12:21:38 PM
Key News - Steel Authority of India Ltd, Jindal Steel Power Ltd, SBI Life Insurance Company Ltd, Hero MotoCorp Ltd, Century Plyboards Ltd, Air India By ARETE Securities Key News SAIL to double capacity to 50 mn tonnes by 2030, starts land bank study Public sector steel major, Steel Authority of India Limited (SAIL), is looking to more than double capacity to 50 million tonnes (mt) by 2030. In a letter to shareholders, Soma Mondal, chairman, SAIL, said, “In line with the National Steel Policy 2017, your company has formulated its Vision 2030, whereby it is envisaged to enhance the crude steel capacity to 50 mt.” She also mentioned that the ...
Key News - Steel Authority of India Ltd, Jindal Steel Power Ltd, SBI Life Insurance Company Ltd, Hero MotoCorp Ltd, Century Plyboards Ltd, Air India By ARETE Securities
Key News - Steel Authority of India Ltd, Jindal Steel Power Ltd, SBI Life Insurance Company Ltd, Hero MotoCorp Ltd, Century Plyboards Ltd, Air India By ARETE Securities
Source: ARETE Securities Ltd
9/09/2021 9:07:15 AM
SAIL jumps on planning to invest Rs 4,000 crore in next three years in Jharkhand Steel Authority of India is currently trading at Rs. 122.10, up by 3.90 points or 3.30% from its previous closing of Rs. 118.20 on the BSE. The scrip opened at Rs. 118.50 and has touched a high and low of Rs. 122.80 and Rs. 118.50 respectively. So far 1481781 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 151.10 on 10-May-2021 and a 52 week low of Rs. 32.65 on 15-Oct-2020. Last one week high and low of the scr...
SAIL jumps on planning to invest Rs 4,000 crore in next three years in Jharkhand
SAIL jumps on planning to invest Rs 4,000 crore in next three years in Jharkhand
Source: Accord Fintech
30/08/2021 3:40:20 PM
Key News - KEC International Ltd, Phillips Carbon Black Ltd, Bharti Airtel Ltd, Steel Authority of India Ltd, Nazara Technologies Ltd, Marico Ltd By ARETE Securities Key News KEC International to double civil business revenue to Rs 2,000 cr in FY22 With strong visibility for metro projects and government spending, KEC International is looking to double its civil business segment to Rs 2,000 crore in FY22. “We have six metro projects with us along with large water pipeline projects and construction orders from airports, oil&gas and data centers sections which assures us of doubling of topline this fiscal,” Vimal Kejriwal, managing dir...
Key News - KEC International Ltd, Phillips Carbon Black Ltd, Bharti Airtel Ltd, Steel Authority of India Ltd, Nazara Technologies Ltd, Marico Ltd By ARETE Securities
Key News - KEC International Ltd, Phillips Carbon Black Ltd, Bharti Airtel Ltd, Steel Authority of India Ltd, Nazara Technologies Ltd, Marico Ltd By ARETE Securities
Source: ARETE Securities Ltd
30/08/2021 9:03:32 AM
Key News - Steel Authority of India Ltd, Megha Engineering and Infrastructure Ltd, Amazon, Afcons infrastructure Ltd, BSNL By ARETE Securities Key News SAIL aims to bring down borrowings to Rs 20,000 crore Public sector steel major, Steel Authority of India Ltd (SAIL), is looking at bringing down its borrowings to Rs 20,000 crore by the end of the current financial year. Soma Mondal, chairman SAIL, said that by year-end the aim is to reduce total borrowings at a level of Rs 20,000 crore depending on steel prices and demand situation. She was speaking on the sidelines of an event to mark the inauguration of MSTC’s corpora...
Key News - Steel Authority of India Ltd, Megha Engineering and Infrastructure Ltd, Amazon, Afcons infrastructure Ltd, BSNL By ARETE Securities
Key News - Steel Authority of India Ltd, Megha Engineering and Infrastructure Ltd, Amazon, Afcons infrastructure Ltd, BSNL By ARETE Securities
Source: ARETE Securities Ltd
27/08/2021 8:46:50 AM
Buy Steel Authority of India Ltd For Target Rs.218 - Centrum Broking Profitability improves; deleveraging on Steel Authority of India (SAIL) reported in-line EBITDA at Rs65.6bn (CentrumE: Rs66.7bn), down 7% QoQ, with EBITDA/t of Rs19,728, up Rs3,584/t QoQ. SAIL reduced debt by ~Rs51bn QoQ to Rs325.9bn. We remain upbeat on the steel cycle and expect steel prices to remain elevated in FY22,with firming up of domestic demand and higher global prices. We increase average steel prices by 14% in FY22E and by 5% in FY23E, partly offset by higher coking coal and...
Buy Steel Authority of India Ltd For Target Rs.218 - Centrum Broking
Buy Steel Authority of India Ltd For Target Rs.218 - Centrum Broking
Source: Centrum Broking Ltd
10/08/2021 11:41:01 AM
Key News - Steel Authority of India Ltd, BSE , Hindalco Industries Ltd, JK Tyre & Industries Ltd, Divi's Laboratories Ltd, Bank of Baroda By ARETE Securities Key News SAIL returns to black; posts Rs 3,897-cr net profit for June quarter Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter. The company had posted a Rs 1,226.47-crore net loss in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a BSE filing. Its net income during April-June 2021 more than doubled to Rs 20,754.75 crore, compared with Rs 9,346.21 crore in the year-ago period. To...
Key News - Steel Authority of India Ltd, BSE , Hindalco Industries Ltd, JK Tyre & Industries Ltd, Divi's Laboratories Ltd, Bank of Baroda By ARETE Securities
Key News - Steel Authority of India Ltd, BSE , Hindalco Industries Ltd, JK Tyre & Industries Ltd, Divi's Laboratories Ltd, Bank of Baroda By ARETE Securities
Source: ARETE Securities Ltd
9/08/2021 8:54:21 AM
Buy Steel Authority of India Ltd For Target Rs. 160 - ICICI Direct Steady performance….. SAIL reported an operationally steady set of numbers wherein EBITDA/tonne came in broadly in line with our estimate. For Q4FY21, EBITDA/tonne was at | 14145/tonne, broadly in line with our estimate of | 15000/tonne (Q3FY21 EBITDA/tonne was at | 12089/tonne). For Q4FY21, sales volume was at 4.35 million tonne (MT), up 16% YoY (our estimate: 4.27 MT). For Q4FY21, standalone operations reported topline of | 23286 crore (up 44% YoY, 17% QoQ), higher than our estima...
Buy Steel Authority of India Ltd For Target Rs. 160 - ICICI Direct
Buy Steel Authority of India Ltd For Target Rs. 160 - ICICI Direct
Source: ICICI Direct
9/07/2021 11:38:15 AM
Buy Steel Authority of India Ltd For Target Rs.185 - Motilal Oswal Biggest beneficiary of improved pricing Deleveraging to remain strong * SAIL continues to reap the benefits of higher steel prices as 4QFY21 EBITDA grew 21% QoQ, despite a wage revision impact. In the absence of significant capex, net debt declined further to INR366b (v/s INR538b in Mar’20). * With steel prices at a record high, SAIL is poised to post its best ever EBITDA/t of ~INR20,000 in 1QFY22. We upgrade our FY22E/FY23E EBITDA estimate by 71%/33% to factor in higher steel ...
Buy Steel Authority of India Ltd For Target Rs.185 - Motilal Oswal
Buy Steel Authority of India Ltd For Target Rs.185 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/06/2021 11:58:17 AM
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities Headwinds pile up Steel Authority of India (SAIL) reported lower than expected EBITDA at Rs61.5bn. Even after adjusting for wage revision provision (long due) from April 1, 2020, EBITDA falls short of estimates. This also leads to increase in employee costs estimates for FY22/23E. Full year FY21 dividend also falls short of expectations at Rs 2.8/share. The investment thesis continues to face the dual headwinds of i) higher employee costs and ii) possibility of higher capex. Coupled wit...
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities
Sell Steel Authority of India Ltd For Target Rs.99 - ICICI Securities
Source: ICICI Securities Ltd
29/06/2021 11:11:05 AM
Sell Steel Authority of India Ltd For Target Rs. 99 - ICICI Securities At crossroads Steel authority (SAIL) management announced a higher capex run rate with the onset of a new volume expansion program. Disparity in long product prices and government contracts vis-à-vis flat product prices is starting to show in muted quarterly realisation performance for SAIL and will only accentuate going forward. Employee costs are expected to be maintained YoY for FY21E. Capex has been guided up to Rs80bn provided execution happens. Significant deleveraging can hap...
Sell Steel Authority of India Ltd For Target Rs. 99 - ICICI Securities
Sell Steel Authority of India Ltd For Target Rs. 99 - ICICI Securities
Source: ICICI Securities Ltd
18/06/2021 10:58:45 AM
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities Key News JB Chemicals & Pharmaceuticals Q4 net profit jumps two-fold to Rs 101 cr Drug firm JB Chemicals & Pharmaceuticals on Monday reported a two-fold jump in consolidated net profit to Rs 100.81 crore for the quarter ended March 2021 on account of robust sales. The company had posted a net profit of Rs 50.07 crore for the corresponding period of the previous fiscal year, JB Chemicals & Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations stood...
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities
Key News - JB Chemicals & Pharmaceuticals Ltd, SBI Cards and Payment Services Ltd, Steel Authority of India Ltd, BPCL, Amara Raja Batteries Ltd, NSDL by ARETE Securities
Source: ARETE Securities Ltd
15/06/2021 8:51:41 AM
Stock Picks - State Bank of India Ltd and Steel Authority of India Ltd By ICICI Direct State Bank of India Buy State Bank of India Ltd @ 424.00-426.00 CMP 423.65 TGT 433.00 SL 420.90   Steel Authority of India Buy Steel Authority of India Ltd @ 123.50-124.50 CMP 123.30 TGT 127.00 SL 122.60   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all parti...
Stock Picks - State Bank of India Ltd and Steel Authority of India Ltd By ICICI Direct
Stock Picks - State Bank of India Ltd and Steel Authority of India Ltd By ICICI Direct
Source: ICICI Direct
28/05/2021 11:26:17 AM