The Economic Times daily newspaper is available online now.

    Buy Steel Authority of India (SAIL), target price Rs 90.5: Edelweiss

    Synopsis

    Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 34737.72 Crore) operating in Metals - Ferrous sector.

    steel authority of indiaIANSHINDI
    Promoters held 65.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.22 per cent, DIIs 8.79 per cent.
    Edelweiss has buy call on Steel Authority of India (SAIL) with a target price of Rs 90.5. The current market price of Steel Authority of India (SAIL) Ltd. is Rs 85.65.

    Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 34737.72 Crore) operating in Metals - Ferrous sector.

    Steel Authority of India (SAIL) Ltd. key Products/Revenue Segments include Iron & Steel, Other Operating Revenue, Export Incentives, Service Charges for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 24199.51 Crore, down -22.38 % from last quarter Total Income of Rs 31175.25 Crore and up 16.60 % from last year same quarter Total Income of Rs 20754.75 Crore. Company has reported net profit after tax of Rs 661.48 Crore in latest quarter.

    The company’s top management includes Ms.Soma Mondal, Dr.Gopal Singh Bhati, Mr.Sagi Kasi Viswanatha Raju, Mrs.Neelam Sonker, Mr.Kanhaiya Sarda, Mr.Ashok Kumar Tripathy, Mr.N Shankarappa, Mr.Abhijit Narendra, Mrs.Sukriti Likhi, Mr.Arvind Kumar Singh, Mr.Krishna Kumar Singh, Mr.Amarendu Prakash, Mr.Anirban Dasgupta, Mr.Anil Kumar Tulsiani, Mr.Brijendra Pratap Singh, Mr.Atanu Bhowmick, Mr.Vijendla Srinivasa Chakravarthy, Prof. (Dr)K Jayaprasad. Company has V K Dhingra & Co. as its auditors. As on 30-06-2022, the company has a total of 413 Crore shares outstanding.



    Promoter/FII Holdings
    Promoters held 65.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.22 per cent, DIIs 8.79 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in