In medium to long term, SAIL share price may go up to ₹147 and ₹172 apiece levels.” According to shareholding pattern of SAIL for July to September 2021 quarter, Rakesh Jhunjhunwala holds 7.25 crore SAIL shares or 1.76 per cent stake in the company.
Is SAIL a good buy?
According to experts, SAIL share price is under retracement after making 52-week high of ₹151.30 apiece on NSE. But, this Navratna PSU metal stock has strong support at ₹90 levels and one can initiate fresh buying at ₹100 levels.
Is SAIL good for long term investment?
The fear in the market has been two fold — bloating cost of its various projects and unhedged foreign borrowings. However, SAIL is a good long term bet and can easily double in the next 18 months.
This is due to rise in coking coal (key raw material) prices internationally and also based on the robust demand for the metal with re-opening of global economies.
Rakesh Jhunjhunwala’s stake in SAIL
Big Bull Rakesh Jhunjhunwala owned 7.25 crore equity shares of SAIL at the end of the July-September quarter of the financial year. Rakesh Jhunjhunwala’s 1.76% stake in the company is valued at Rs 768.1 crore.
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Is SAIL a debt free company?
virtally a zero debt company. V.S. Jain, chairman of SAIL, said: “We have come this far on the strength of our sustained efforts to improve internal efficiencies supported by buoyancy in the market.”
Why is SAIL falling?
Kotak Institutional Equities expects surging coking coal costs to cause SAIL’s Ebitda to decline by more than half in the second half of the current fiscal. Shares of Tata Steel and JSW Steel declined as much as 4.8% and 4.29%, respectively—the steepest intraday declines in three weeks.
Metal stocks decline: Tata Steel, JSW Steel, SAIL and Hindalco shares were trading in the red on Tuesday following global brokerage Jefferies’ negative commentary citing weak macros and demand concerns in China.
Which is better Tata Steel or SAIL?
SAIL is more efficient in managing its inventory and has a better sales performance than Tata Steel.
Are sails profitable?
New Delhi, 29th October, 2021: Steel Authority of India Limited (SAIL) declared the financial results of the company for the second quarter (July – Sep’21) and H1 (Apr – Sep’21) of this financial year (FY 2021-22) today.
Who owns SAIL?
Steel Authority of India Limited (SAIL) is a government owned steel producer based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 68,452 Crore (US$9.32 billion) for fiscal year 2020–21.
Does SAIL have future?
In line with the growth strategy, SAIL already has projects worth Rs. 18,500 crore in various stages of implementation. The major projects cleared in recent months include modernisation-cum-expansion of IISCO Steel Plant (ISP) at a cost of around Rs.
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