J.P. Morgan Remains a Hold on Steel Authority of India Limited (SAIL)
J.P. Morgan analyst Vibhav Zutshi maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report) today and set a price target of INR120.00. The company's shares closed today at INR129.18.
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Zutshi covers the Basic Materials sector, focusing on stocks such as Hindalco Industries Limited, JSW Steel Limited, and NMDC Limited. According to TipRanks, Zutshi has an average return of 4.4% and a 71.43% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target.
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