INSUBCONTINENT EXCLUSIVE:
Independent Analyst Kunal Bothra has a buy call on Steel Authority of India (SAIL) Ltd
with a target price of Rs 86.0
The current market price of Steel Authority of India (SAIL) Ltd
is Rs 79.8 Time period given by the analyst is Intra Day when Steel Authority of India (SAIL) Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 75
Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a largecap company with a market cap of Rs 32651.80 crore.
Steel
Authority of India (SAIL) Ltd
key Products/Revenue Segments include Steel Products which contributed Rs 49113.87 Crore to Sales Value (98.68 % of Total Sales), Other
Operating Revenue which contributed Rs 554.97 Crore to Sales Value (1.11 % of Total Sales), Export Incentives which contributed Rs 66.37
Crore to Sales Value (0.13 % of Total Sales) and Service Charges which contributed Rs 31.89 Crore to Sales Value (0.06 % of Total Sales)for
the year ending 31-Mar-2017
For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 15907.19 Crore, down -6.64 % from last quarter Sales of
Rs 17037.83 Crore and up 37.37 % from last year same quarter Sales of Rs 11579.56 Crore Company has reported net profit after tax of Rs
540.43 Crore in latest quarter
The company’s top management includes CA.Parmod Bindal, Dr.G Vishwakarma, Dr.Samar Singh, Mr.Anil Kumar Chaudhary, Mr.Atul Srivastava,
Mr.Harinand Rai, Mr.Kartar Singh Chauhan, Mr.Narendra Kumar Taneja, Mr.Nilanjan Sanyal, Mr.Puneet Kansal, Mr.Saraswati Prasad, Mr.Sunil
Barthwal, Mrs.Anshu Vaish, Ms.Soma Mondal, Prof.Ashok Gupta
Company has V K Dhingra Co
as its auditoRs As on 30-06-2018, the company has a total of 4,130,525,289 shares outstanding.
