Steel Authority of India Ltd
SAIL

59.85

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

59.90

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

60.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Sell
Reco. Price
Rs 60.40
We recommend a SELL on the stock as we expect continued pressure on volumes and realizations. Its expansion and modernisation initiative also remains a major overhang. The stock appears overvalued when seen at FY17E target P/BV of 0.5x and EV/EBITDA of 17.3x. (Target Price = Rs. 52.7)
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50 DMA (.)
56.87
100 DMA (.)
53.28
200 DMA (.)
49.52
Weekly Range (.)
58.10
63.05
Monthly Range (.)
57.50
68.15
52 Weeks Range (.)
34.15
68.15
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