Steel Authority of India Ltd
SAIL

62.50

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

62.35

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

62.45

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Sell
Reco. Price
Rs 61.70
We recommend SELL on the stock as we expect continued pressure on volumes and realizations. Rising raw material costs keep margins under pressure. The stock appears overvalued when seen at FY18E target P/BV of 0.7x and EV/EBITDA of 14.2x. (Target Price = Rs. 53.8)
Detailed View
50 DMA (.)
61.48
100 DMA (.)
56.18
200 DMA (.)
51.78
Weekly Range (.)
61.35
64.60
Monthly Range (.)
58.75
64.65
52 Weeks Range (.)
38.45
68.15
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