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Sell Steel Authority of India (SAIL), target Rs 61: Sameet Chavan

Sell Steel Authority of India (SAIL) at a price target of Rs 61 and a stop loss at Rs 73 from the entry point.

ETMarkets.com|
Oct 01, 2018, 09.08 AM IST
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SAIL
The current market price of Steel Authority of India (SAIL) is Rs 68.20.
Sameet Chavan of Angel Broking has a sell call on Steel Authority of India (SAIL) with a target price of Rs 61.

The current market price of Steel Authority of India (SAIL) is Rs 68.20.

Time period given by the analyst is Intra Day when Steel Authority of India (SAIL) price can reach the defined target.

Sameet Chavan recommended keeping a stop loss at Rs 73.

Steel Authority of India (SAIL), incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 28,170.18 Crore) operating in Iron and Steel sector.

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.

The 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.
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