Steel Authority of India Ltd Share Price (SAIL)

SAIL Expected to Report Decrease in Net Profit - 15 Apr, 2024

Prabhudas Lilladher expects Steel Authority of India Ltd (SAIL) to report a net profit of Rs. 260 crore, down 75.6% YoY and 22.8% QoQ. Net sales are expected to decrease by 5.9% YoY to Rs. 27,410 crore, while EBITDA is likely to fall by 30.2% YoY to Rs. 2,030 crore.

SAIL Bags Tenders Worth Rs 889 Crore; Stock Gains Fifth Straight Session - 12 Apr, 2024

Public sector undertaking Steel Authority of India Limited (SAIL) has won tenders worth Rs 889.17 crore for supplying steel and stainless steel. Meanwhile, SAIL's stock continues to gain for the fifth consecutive session, up by 0.75% on the NSE today.

SAIL Supplies Steel for Strategic Project; Modi Govt Plans New Coal Mines - 11 Apr, 2024

The Steel Authority of India Ltd (SAIL) has supplied over 24,000 tonnes of steel for the Sela Tunnel Project. Meanwhile, if re-elected, the Modi government plans to operationalise 12 new coal mines and transfer coking coal blocks to steel companies.

Technical Analysis Suggests Long Position for Steel Authority of India Ltd - 10 Apr, 2024

Based on technical analysis, the stock is displaying a robust recovery post double bottom formation and is trading above the 20-day daily moving average. Rising volumes align with the price surge seen on the daily chart. RSI steadies around 70, affirming the stocks strength. Hence, one can initiate a long position at CMP of Rs 151.35 for a target price of Rs 165 with a stop-loss at Rs 144.

SAIL Shares Hit Over 12-Year High Amid Positive Outlook - 09 Apr, 2024

Steel Authority of India Ltd (SAIL) shares rally 5% to a 12-year high amid positive outlook for sustained growth in domestic consumption and steady operating margins. ICRA maintains a stable outlook on the sector despite challenging operating environment.

Steel Authority of India Ltd Stock Up by 25% - 07 Apr, 2024

The stock price of Steel Authority of India has increased significantly by 25% over the last three months. A study on its financial indicators, specifically ROE, was conducted to determine if it played a role in the recent price move.

Fire Breaks Out at SAIL's Bokaro Steel Mill - 06 Apr, 2024

A fire broke out at the Bokaro Steel Plant of Steel Authority of India Limited (SAIL) during scheduled maintenance work. All 21 workers are safe and under medical supervision.

SAIL Stock Rises on Bullish Outlook and Strong Production Growth - 03 Apr, 2024

Steel Authority of India Ltd (SAIL) is expected to reach Rs.166 in the coming weeks due to a bullish outlook and strong production growth. SAIL posted 5% growth in crude steel production at 19.2 MT for FY23-24 and achieved its highest-ever sales volume of 17.1 MT.

SAIL Achieves Highest-Ever Annual Production Milestones - 02 Apr, 2024

Steel Authority of India Limited (SAIL) achieved its highest-ever annual production milestones in hot metal, crude steel and saleable steel during FY24. SAIL recorded a 6% surge in hot metal production, 5% increase in crude steel output and 7% rise in saleable steel output as compared to the previous fiscal year. The company also achieved its highest-ever sales volume of 17.1 MT during FY24, registering a growth of more than 5% over CPLY.

SAIL Records Strong Performance in FY 2023-24 - 01 Apr, 2024

State-owned Steel Authority of India Ltd (SAIL) has recorded a strong performance in FY 2023-24, achieving record saleable steel output, highest-ever sales volume, and significant increases in crude steel and hot metal production. Operators are creating a positive buzz around steel stocks, including SAIL.

Steel Authority of India Ltd Up for Fifth Straight Session - 27 Mar, 2024

Steel Authority of India Ltd is up 2.14% on the day, quoting at Rs 133.4 as NIFTY rises around 0.7%. The stock has gained around 9.57% in last one month with a PE of 17.7 based on TTM earnings ending December 23.

SAIL's mjunction Expresses Interest in Govt Partnership for Exchange Platform Initiative - 22 Mar, 2024

Steel Authority of India Ltd stock rises for the third consecutive session by 1.51% to Rs 130.95 on the NSE. mjunction, a joint venture of SAIL and Tata Steel, has expressed interest in partnering with the government for an exchange platform initiative.

SAIL Stock Rises on Positive Analyst Sentiments - 21 Mar, 2024

Steel Authority of India Ltd's stock rose by over 4% due to positive analyst sentiments after the company reported strong earnings in Q2 and Q3 of FY24.

Steel Authority of India Achieves TSR of 184% in Last 5 Years - 20 Mar, 2024

Steel Authority of India has achieved a total shareholder return (TSR) of 184% over the last five years, exceeding its share price return. The market's higher opinion of the business is likely due to its track record of earnings growth and dividend payments.

Steel Authority of India Ltd May See Uptrend - 19 Mar, 2024

The Steel Authority of India stock is hovering around its 50-Simple Moving Average (SMA) at 125, with a projected uptrend towards the 140 level. Open Interest has remained flat, but momentum may accelerate price uptrend to 130. Support exists at the 120 level.

Steel Stocks Rise Amid Industrial Output Growth in China - 18 Mar, 2024

Steel Authority of India Ltd stock rises by 3.2% on the NSE amid news of steel stocks rising due to industrial output growth in China and iron ore prices hovering around the $100-per-tonne mark.