Manas Jaiswal of manasjaiswal.com has a buy call on Steel Authority of India (SAIL) Ltd. with a target price of Rs 86. The current market price of Steel Authority of India (SAIL) Ltd. is Rs 79.95 Time period given by the analyst is Intra Day when Steel Authority of India (SAIL) Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 77. Steel Authority of India (SAIL) Ltd., incorporated in 1973, is a largecap company with a market cap of Rs 33023.55 Crore) operating in Iron and Steel sector.
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 31-03-2018, the company has reported a Standalone sales of Rs 17037.83 Crore, up 11.19 % from last quarter Sales of Rs 15323.65 Crore and up 34.26 % from last year same quarter Sales of Rs 12690.54 Crore Company has reported net profit after tax of Rs 815.57 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.
Source: economictimes.indiatimes.com