Time period given by analyst is Intra Day when Steel Authority of India (SAIL) Ltd. price can reach defined target.
Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 48698.89 Crore) operating in Metals – Ferrous sector.
Steel Authority of India (SAIL) Ltd. key Products/Revenue Segments include Iron & Steel, By Products, Other Operating Revenue and Service Charges for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 20754.75 Crore, down -11.81 % from last quarter Total Income of Rs 23533.19 Crore and up 122.07 % from last year same quarter Total Income of Rs 9346.21 Crore. Company reported net profit after tax of Rs 3835.81 Crore in latest quarter.
Investment Rationale
Higher base near major breakout area and 50% retracement of last rally gives favorable risk-reward
Promoter/FII Holdings
Promoters held 65.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.38 per cent, DIIs 12.47 per cent.
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