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Buy Steel Authority of India, target Rs 46: Kunal Bothra

Buy Steel Authority of India (SAIL) Ltd. at a price target of Rs 46.0 and a stoploss at Rs 36 from entry point.

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Updated: Dec 13, 2019, 08.57 AM IST
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Independent analyst Kunal Bothra has a buy call on Steel Authority of India (SAIL) Ltd. with a target price of Rs 46. The current market price of Steel Authority of India (SAIL) Ltd. is Rs 39.8 Time period given by analyst is Intra Day when Steel Authority of India (SAIL) Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 36. Steel Authority of India (SAIL) Ltd., incorporated in 1973, has a market cap of Rs 16439.49 crore.

Steel Authority of India (SAIL) Ltd. key Products/Revenue Segments include Steel Products which contributed Rs 58214.78 Crore to Sales Value (98.73 % of Total Sales), Other Operating Revenue which contributed Rs 641.54 Crore to Sales Value (1.08 % of Total Sales), Export Incentives which contributed Rs 82.48 Crore to Sales Value (0.13 % of Total Sales) and Service Charges which contributed Rs 23.56 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 14128.96 Crore, down -4.67 % from last quarter Sales of Rs 14820.89 Crore and down -15.56 % from last year same quarter Sales of Rs 16731.86 Crore Company has reported net profit after tax of Rs -353.87 Crore in latest quarter. The company’s top management includes CA.K S Chauhan, CA.Parmod Bindal, Dr.G Vishwakarma, Dr.Samar Singh, Mr.Amit Sen, Mr.Anil Kumar Chaudhary, Mr.Atul Srivastava, Mr.Harinand Rai, Mr.Krishan Kumar Gupta, Mr.Nidgurti Shankarappa, Mr.Nilanjan Sanyal, Mr.Puneet Kansal, Mr.Saraswati Prasad, Mr.Vivek Gupta, Mrs.Anshu Vaish, Ms.Soma Mondal, Prof.Ashok Gupta, Prof.N K Taneja. Company has V K Dhingra & Co. as its auditors. As on 30-09-2019, the company has a total of 4,130,525,289 shares outstanding.

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