Buy Steel Authority Of India Ltd.

Steel Authority Of India Ltd.


Sector – Basic Materials
Industry -Steel
Stock Style -Large Core
Market Cap- 242.3 bil
Price/Book- 0.6
Forward P/E- 6.9

Steel Authority of India Limited (SAIL) is an India-based steel producing company. The Company is an iron and steel manufacturer producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defense industries and for sale in export markets. The Company’s business segments include five steel plants and three alloy steel plants of SAIL, two power joint venture companies being NTPC-SAIL Power Company Pvt. Ltd. and Bokaro Power Supply Co. Pvt. Ltd., one power subsidiary being SAIL-Jagdishpur Power Plant Limited (SJPPL). The Company manufactures and sells a range of steel products, including hot and cold rolled sheets and coils, galvanized sheets, electrical sheets, railway products, plates, bars and rods, stainless steel and other alloy steels. The Company’s subsidiaries include SAIL Refractory Company Limited, SAIL-Jagdishpur Power Plant Limited, and SAIL Sindri Projects Limited.

We recommend a POSITIONAL BUY in SAIL @ 58 TGT 70 AND 75 SL 52

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