3 days ago
New Sell Rating for Steel Authority of India Limited (SAIL), the Basic Materials Giant
Elara Securities analyst maintained a Sell rating on Steel Authority of India Limited (SAIL – Research Report) on May 30 and set a price target of INR125.00. The company's shares closed last Friday at INR129.18.
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In addition to Elara Securities, Steel Authority of India Limited also received a Sell from Bank of America Securities's Bharat Subramanian in a report issued on May 29. However, yesterday, Prabhudas Lilladher maintained a Hold rating on Steel Authority of India Limited (NSE: SAIL).
Based on Steel Authority of India Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR244.9 billion and a net profit of INR1.42 billion. In comparison, last year the company earned a revenue of INR233.49 billion and had a net profit of INR4.23 billion
