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Sell Steel Authority of India, target Rs 44: Manas Jaiswal

Sell Steel Authority of India (SAIL) Ltd. at a price target of Rs 44.0 and a stoploss at Rs 50 from entry point.

ETMarkets.com|
Updated: May 15, 2019, 09.05 AM IST
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Manas Jaiswal of manasjaiswal.com has a sell call on Steel Authority of India (SAIL) Ltd. with a target price of Rs 44.0 . The current market price of Steel Authority of India (SAIL) Ltd. is Rs 47.65. Time period given by the analyst is Intra Day when the Steel Authority of India (SAIL) Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 50. Steel Authority of India (SAIL) Ltd., incorporated in 1973, has a market cap of Rs 19681.95 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 31-12-2018, the company has reported a Standalone sales of Rs 15835.79 Crore, down -5.28 % from last quarter Sales of Rs 16718.04 Crore and up 3.34 % from last year same quarter Sales of Rs 15323.65 Crore Company has reported net profit after tax of Rs 616.30 Crore in latest quarter. The company’s top management includes CA.K S Chauhan, CA.Parmod Bindal, Dr.G Vishwakarma, Dr.Samar Singh, Mr.Anil Kumar Chaudhary, Mr.Atul Srivastava, Mr.Harinand Rai, Mr.Krishan Kumar Gupta, 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 31-03-2019, the company has a total of 4,130,525,289 shares outstanding.

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