Steel Authority of India Ltd (SAIL)

NCLT Orders SAIL Steel Complex to be Handed Over - 08 May, 2024

The National Company Law Tribunal has ordered the Cheruvannur steel complex, a joint venture of SAIL in Kozhikode, to be handed over to Chhattisgarh Outsourcing Services Limited due to default in repayment of a loan. The Kerala government plans to appeal against the order.

SAIL ROCE Under-Performs Industry Average; GE Power India Receives Purchase Order - 01 May, 2024

Steel Authority of India's low ROCE indicates a mature business not reinvesting earnings. GE Power India secures purchase order worth over Rs 5.99 crore from NTPC-SAIL Power Company and NTPC Ltd.

Derivatives data show bullish sentiment for SAIL stock - 30 Apr, 2024

Several players are holding over 30% of the market wide position limit in Steel Authority of India Ltd (SAIL), indicating a bullish outlook. They believe that fund managers will turn to steel due to a shortage of other credible stories at reasonable valuations.

SAIL Stock Rises Amid Production Proposals - 25 Apr, 2024

Steel Authority of India Ltd's stock continues to rise, adding around 26.42% in the last month. Ramkrishna Forgings and Titagarh Wagons have proposed producing 2.28 lakh wheels for SAIL, while officials of Dalmia Bharat say that SAIL is yet to decide on its JV with Jaypee for Bhilai Jaypee Cement Ltd.

SAIL Shares Surge on Global Upturn in Metal Prices - 24 Apr, 2024

Steel Authority of India Ltd (SAIL) experiences a surge in share price due to a global upturn in metal prices, favourable narrative building under its undervaluation compared to peers, and technical analysis suggesting a long position.

SAIL Wins All India Public Sector Volleyball Tournament - 19 Apr, 2024

Steel Authority of India Ltd (SAIL) has won the All India Public Sector Volleyball Tournament 2024 and the All India Public Sector Hockey Tournament, showcasing its commitment to fostering sports and athletic talents. SAIL operates multiple sports academies across the country and organizes inter-SAIL sports championships.

SAIL Expected to Report Decrease in Net Profit - 15 Apr, 2024

Prabhudas Lilladher expects Steel Authority of India Ltd (SAIL) to report a net profit of Rs. 260 crore, down 75.6% YoY and 22.8% QoQ. Net sales are expected to decrease by 5.9% YoY to Rs. 27,410 crore, while EBITDA is likely to fall by 30.2% YoY to Rs. 2,030 crore.

SAIL Bags Tenders Worth Rs 889 Crore; Stock Gains Fifth Straight Session - 12 Apr, 2024

Public sector undertaking Steel Authority of India Limited (SAIL) has won tenders worth Rs 889.17 crore for supplying steel and stainless steel. Meanwhile, SAIL's stock continues to gain for the fifth consecutive session, up by 0.75% on the NSE today.

SAIL Supplies Steel for Strategic Project; Modi Govt Plans New Coal Mines - 11 Apr, 2024

The Steel Authority of India Ltd (SAIL) has supplied over 24,000 tonnes of steel for the Sela Tunnel Project. Meanwhile, if re-elected, the Modi government plans to operationalise 12 new coal mines and transfer coking coal blocks to steel companies.

Technical Analysis Suggests Long Position for Steel Authority of India Ltd - 10 Apr, 2024

Based on technical analysis, the stock is displaying a robust recovery post double bottom formation and is trading above the 20-day daily moving average. Rising volumes align with the price surge seen on the daily chart. RSI steadies around 70, affirming the stocks strength. Hence, one can initiate a long position at CMP of Rs 151.35 for a target price of Rs 165 with a stop-loss at Rs 144.

SAIL Shares Hit Over 12-Year High Amid Positive Outlook - 09 Apr, 2024

Steel Authority of India Ltd (SAIL) shares rally 5% to a 12-year high amid positive outlook for sustained growth in domestic consumption and steady operating margins. ICRA maintains a stable outlook on the sector despite challenging operating environment.