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Neutral Steel Authority of India Ltd For Target Rs.130 By Motilal Oswal Financial Services Ltd Weak volumes and low realization drag down earnings * In 2QFY25, SAIL received a one-time revenue and EBITDA gain of INR16.4b related to rail price revisions for FY23. For a like-to-like comparison, we have adjusted its 2QFY25 financials by excluding this one-time gain. * SAIL reported a revenue of INR230b (-18% YoY and -4% QoQ), which was 12% below our estimate of INR262b. This decline was primarily attributed to weak sales volume and lower realization during the quarter. ...
Neutral Steel Authority of India Ltd For Target Rs.130 By Motilal Oswal Financial Services Ltd
Neutral Steel Authority of India Ltd For Target Rs.130 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-01 10:21:17 am
Stock Picks : Bank of Baroda Ltd and Steel Authority of India Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @ 247-248 Target 250.20 Stop Loss 246.40   Steel Authority of India Ltd Buy Steel Authority of India Ltd @ 115-115.50 Target 117.00 Stop Loss 114.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd and Steel Authority of India Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd and Steel Authority of India Ltd By ICICI Direct
Source: ICICI Direct
2024-11-29 10:47:40 am
Reduce Steel Authority of India Ltd For Target Rs. 112 by Yes Securities Ltd Results Synopsis SAIL's Q2FY25 performance was below the consensus expectations, primarily driven by lower export sales volumes and falling realizations on a QoQ basis, which offset the declines in imported coking coal prices. Net revenue from operations stood at Rs 246,746 mn (which included Rs 16,369.4 mn towards rail price revision for FY22-23), up 3% QoQ and down 17% YoY. Adjusted EBITDA stood at Rs 12,673 mn down 43% QoQ and 67% YoY. Debottlenecking to be the focus while the 35...
Reduce Steel Authority of India Ltd For Target Rs. 112 by Yes Securities Ltd
Reduce Steel Authority of India Ltd For Target Rs. 112 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 04:35:58 pm
Stock Picks : Steel Authority of India Ltd And Exide Industries Ltd By ICICI Direct Steel Authority of India ltd Buy Steel Authority of India Ltd @ 133.50-134.50 Target 136.60 Stop Loss 132.70   Exide Industries ltd Buy Exide Industries Ltd @ 530-531 Target 536.00 Stop Loss 527.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Steel Authority of India Ltd And Exide Industries Ltd By ICICI Direct
Stock Picks : Steel Authority of India Ltd And Exide Industries Ltd By ICICI Direct
Source: ICICI Direct
2024-10-14 12:15:35 pm
Stock Picks : Pidilite industries Ltd And Steel Authority of India Ltd By ICICI Direct Pidilite industries Ltd Buy Pidilite industries Ltd @ 3225-3229 Target 3259.00 Stop Loss 3212.20   Steel Authority of India Ltd Buy Steel Authority of India Ltd @ 130-130.50 Target 129.20 Stop Loss 131.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Pidilite industries Ltd And Steel Authority of India Ltd By ICICI Direct
Stock Picks : Pidilite industries Ltd And Steel Authority of India Ltd By ICICI Direct
Source: ICICI Direct
2024-09-09 11:12:13 am
Stock Picks : Larsen&Toubro Ltd And Steel Authority of India Ltd By ICICI Direct Larsen&Toubro Ltd Buy Larsen&Toubro Ltd @ 3632-3638 Target 3676.00 Stop Loss 3615.80   Steel Authority of India Ltd Buy Steel Authority of India Ltd @ 136.50-137.00 Target 139.00 Stop Loss 135.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Larsen&Toubro Ltd And Steel Authority of India Ltd By ICICI Direct
Stock Picks : Larsen&Toubro Ltd And Steel Authority of India Ltd By ICICI Direct
Source: ICICI Direct
2024-08-27 11:52:48 am
India's steel ministry seeks probe into cheaper imports, government source says India's federal Ministry of Steel has asked the trade ministry to investigate cheaper steel imports from China and Vietnam, a government source directly aware of the matter told Reuters on Wednesday, as New Delhi grapples with rising imports. India, the world's second-biggest crude steel producer, turned net steel importer in the fiscal year through March and the trend continued with finished steel imports scaling a five-year high in April and May, according to provisional governme...
India's steel ministry seeks probe into cheaper imports, government source says
India's steel ministry seeks probe into cheaper imports, government source says
Source: Reuters
2024-07-31 04:56:11 pm
Sell Steel Authority of India Ltd For Target Rs.108 By Elara Capital Weak demand hurts volume In-line revenue; EBITDA ahead of our expectations Steel Authority of India (SAIL IN) reported a mixed Q3, with net sales broadly in line but EBITDA better-than-expected, primarily led by realization surpassing expectation and operating cost lower-than-anticipated. Net sales declined ~7% YoY and ~21% QoQ to ~INR 233bn, mostly in line with our estimates of ~INR 231bn. However, EBITDA was up ~3% YoY but down ~45% QoQ to ...
Sell Steel Authority of India Ltd For Target Rs.108 By Elara Capital
Sell Steel Authority of India Ltd For Target Rs.108 By Elara Capital
Source: Elara Capital
2024-04-11 02:44:19 pm
Stock Picks : Steel Authority of India Ltd And Aurobindo Pharma Ltd By ICICI Direct Steel Authority of India Ltd Buy Steel Authority of India Ltd @149.50-150.00 Target 152.30 Stop Loss 148.20   Aurobindo Pharma Ltd  Buy Aurobindo Pharma Ltd @1130-1132 Target 1144.00 Stop Loss 1124.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Steel Authority of India Ltd And Aurobindo Pharma Ltd By ICICI Direct
Stock Picks : Steel Authority of India Ltd And Aurobindo Pharma Ltd By ICICI Direct
Source: ICICI Direct
2024-04-10 12:04:46 pm
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion. JM Financial Institutional Securities said the price cut-off date for the rebalancing is any of the last 10 business days in the month of April. “Based on the current price, we expect the following inclusions and exclusions. However, the list is subject to change, depending on the stock price prevailing during the cut-of...
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
Source: IANS
2024-04-09 12:33:35 pm
Stock Picks : Steel Authority of India Ltd And Bharat Electronics Ltd By ICICI Direct Steel Authority of India Ltd. Buy  Steel Authority of India Ltd. @ 139.00-139.80 Target 141.50 Stop Loss 138.20   Bharat Electronics Ltd. Buy  Bharat Electronics Ltd. @ 211-212 Target  214.50 Stop Loss 209.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Steel Authority of India Ltd And Bharat Electronics Ltd By ICICI Direct
Stock Picks : Steel Authority of India Ltd And Bharat Electronics Ltd By ICICI Direct
Source: ICICI Direct
2024-04-02 10:40:34 am
SAIL moves up on logging 5% rise in crude steel production during FY24 Steel Authority Of India is currently trading at Rs. 142.00, up by 1.30 points or 0.92% from its previous closing of Rs. 140.70 on the BSE. The scrip opened at Rs. 140.60 and has touched a high and low of Rs. 142.40 and Rs. 139.65 respectively. So far 366439 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.00 on 07-Feb-2024 and a 52 week low of Rs. 80.50 on 26-May-2023. Last one week high and low of the scri...
SAIL moves up on logging 5% rise in crude steel production during FY24
SAIL moves up on logging 5% rise in crude steel production during FY24
Source: Accord Fintech
2024-04-02 10:18:08 am
SAIL saleable steel output increases to record 18.4 million tonnes in 2023-24 Public sector giant Steel Authority of India Limited (SAIL), has recorded a 7 per cent rise in saleable steel output to a record level of 18.4 million tonnes for the financial year ended on March 31, 2024 as compared to 2022-23, according to an official statement issued on Monday. The company also achieved its highest-ever sales volume of 17.1 million tonnes during 2023-24, registering a growth of more than 5 per cent over the previous year. SAIL also recorded a 6 per cent surge in hot ...
SAIL saleable steel output increases to record 18.4 million tonnes in 2023-24
SAIL saleable steel output increases to record 18.4 million tonnes in 2023-24
Source: IANS
2024-04-01 06:06:18 pm
Metals stocks gain after ICRA says primary non-ferrous metal industry`s earnings to remain stable in FY25 Metals stocks gained on the BSE, after credit rating agency ICRA in its latest report has said that primary non-ferrous metal industry’s earnings would remain stable in FY2025, considering steady movement in realisations and an easing of input cost pressure to an extent. The domestic demand growth is expected to remain healthy at around 10% in FY2025 and would significantly outpace the expected growth of around 2% in global demand. The operating margin of domestic players is also likely...
Metals stocks gain after ICRA says primary non-ferrous metal industry`s earnings to remain stable in FY25
Metals stocks gain after ICRA says primary non-ferrous metal industry`s earnings to remain stable in FY25
Source: Accord Fintech
2024-03-28 03:58:46 pm
Hold Steel Authority of India Ltd. For Target Rs.108 By Prabhudas Lilladher Pvt. Ltd. Quick Pointers: * Strong 5% QoQ improvement in average realization led by jump in long product prices at start of 3Q. * EBITDA/t improved 26% QoQ on efficient blending of CDI coal and 20% QoQ decline in sales volumes to 3.81mt; Volumes recovered in Jan’24 at 1.5mt. We downgrade Steel Authority (SAIL) to ‘Hold’ rating from Accumulate with revised TP of Rs 108 (Rs95 earlier) as the stock has run up much ahead of fundam...
Hold Steel Authority of India Ltd. For Target Rs.108 By Prabhudas Lilladher Pvt. Ltd.
Hold Steel Authority of India Ltd. For Target Rs.108 By Prabhudas Lilladher Pvt. Ltd.
Source: Prabhudas Lilladher Pvt. Ltd.
2024-03-21 03:06:41 pm
Steel stocks trade under pressure on prospects of lower consumption Steel industry stocks were under pressure on the BSE, as credit rating agency Icra in its latest report has said that India's domestic steel consumption growth is likely to come down to 7-8 per cent in the next financial year (FY25) against an estimated 12-13 per cent this fiscal (FY24) due to moderate government spending during the election period. It stated elevated input costs, import pressures, along with softer steel prices are expected to sequentially pull down the steel industry...
Steel stocks trade under pressure on prospects of lower consumption
Steel stocks trade under pressure on prospects of lower consumption
Source: Accord Fintech
2024-03-11 12:29:03 pm
Steel Authority of India`s Q3 profit drops as imports dent sales, prices Steel Authority of India (SAIL) reported a lower third-quarter profit on Monday, as higher imports led to a drop in both volume sales and prices. The company's consolidated net profit fell 22% year-on-year to 4.23 billion rupees ($51 million) in the three months to Dec. 31. India's steel imports rose to a five-year high during April-December, turning the country into a net importer of finished steel, amid a spurt in economic activity and a revamp of infrastructure by the governm...
Steel Authority of India`s Q3 profit drops as imports dent sales, prices
Steel Authority of India`s Q3 profit drops as imports dent sales, prices
Source: Reuters
2024-02-13 09:32:14 am
Tech Stars : Buy Steel Authority of India Limited And V-Guard Industries Limited By Religare Broking Steel Authority of India Limited (SAIL) TECHNICAL RATIONALE  We are seeing noticeable buoyancy in the metal space and Sail is trading in tandem with the move. It has also witnessed a breakout from a consolidation range, after spending nearly 3 years. All indicators are in the favor of prevailing trend to continue. We thus recommend creating fresh longs in the mentioned range. Buy Steel Authority of India Limited CMP 136.60 Initiation Range 134-137 Stop Loss 126 Target 154 ...
Tech Stars : Buy Steel Authority of India Limited And V-Guard Industries Limited By Religare Broking
Tech Stars : Buy Steel Authority of India Limited And V-Guard Industries Limited By Religare Broking
Source: Religare Broking Ltd
2024-02-06 12:00:59 pm
Reduce Steel Authority of India Ltd For Target Rs.85 By Yes Securities Ltd Result Synopsis SAIL’s Q2FY24 earnings were above the consensus estimates, majorly on the back of better than expected realizations and higher sales volumes. The company benefitted from the falling coking coal prices during the previous quarter and stable domestic steel prices. On the volumes front, after a drop in Q1FY24, the company had sales of 4.77 mt for Q2FY24, a 23% rise QoQ. We see the second half of the current financial year to cause some dent to the company’s earning...
Reduce Steel Authority of India Ltd For Target Rs.85 By Yes Securities Ltd
Reduce Steel Authority of India Ltd For Target Rs.85 By Yes Securities Ltd
Source: Yes Securities Ltd
2023-11-25 03:15:30 pm
SAIL surges out of red with Rs 1,306 crore profit in Q2 Public sector steel behemoth SAIL on Friday reported a consolidated net profit of Rs 1,306 crore for the July-Sept quarter on the back of steady domestic demand and lower input costs. The company had reported a net loss of Rs 329 crore in the year-ago period. The steel giant posted 13 per cent growth in consolidated revenue from operations at Rs 29,712 crore in Q2FY24 as against Rs 26,246 crore in Q2FY23 “The Company has achieved its best ever performance in production and sale...
SAIL surges out of red with Rs 1,306 crore profit in Q2
SAIL surges out of red with Rs 1,306 crore profit in Q2
Source: IANS
2023-11-11 09:09:40 am
SAIL plans to buy more coking coal from Russia to cut costs   ) Public sector giant Steel Authority of India Ltd (SAIL_ is keen to buy more coking coal from Russia as prices are cheaper than Australia, company chairman Amarendu Prakash said on Monday. Coking coal is a crucial input in the steel making process and the bulk of the imports are currently sourced from Australia while some shipments also come from the US.   India imports around 70 million tonnes of coking coal every year as domestic coking coal is of poor quality.&nb...
SAIL plans to buy more coking coal from Russia to cut costs
SAIL plans to buy more coking coal from Russia to cut costs
Source: Reuters
2023-11-06 12:28:09 pm
India`s SAIL expects four coking coal ships from Russia in September- quarter Steel Authority of India is expecting four ships of coking coal from Russia in the September quarter, each with a capacity of 75,000 tonnes, Chairman Amarendu Prakash told reporters on Thursday."We had four ships in the first quarter (April-June) and similarly we are expecting four such shipments in the quarter that ends in September," Prakash said.The country's largest state-owned steel producer also said the company was working on doubling coking coal production capacity in International Co...
India`s SAIL expects four coking coal ships from Russia in September- quarter
India`s SAIL expects four coking coal ships from Russia in September- quarter
Source: Reuters
2023-09-28 03:02:34 pm