Will Steel Authority of India stock price grow / rise / go up? Yes. The SAIL stock price can go up from 97.100 INR to 137.231 INR in one year.
“The steel players have taken price hikes due to rising raw material costs, especially coking coal. Coking coal prices have climbed to $650-700/tonne from $300/tonne in a month. This is the fourth round of price increase seen in March,” the report added.
If this Munafa value is near or nearing 100, then this stock might show an upward movement.
Munafa value: 50 as on 26 Tue Apr 2022.
As on 22nd Apr 2022 SAIL Share Price closed @ 101.40 and we RECOMMEND Sell for LONG-TERM with Stoploss of 114.86 & Buy for SHORT-TERM with Stoploss of 100.81 we also expect STOCK to react on Following IMPORTANT LEVELS.
SAIL Share Price.
According to experts, SAIL share price is under retracement after making 52-week high of ₹151.30 apiece on NSE. But, this Navratna PSU metal stock has strong support at ₹90 levels and one can initiate fresh buying at ₹100 levels.
Is SAIL good for long term?
The fear in the market has been two-fold — bloating cost of its various projects and unhedged foreign borrowings and exchange losses. However, SAIL is a very good long term bet and can easily double in the next 18 months.
The fear in the market has been two fold — bloating cost of its various projects and unhedged foreign borrowings. However, SAIL is a good long term bet and can easily double in the next 18 months.
Will SAIL be privatized?
The privatization of Indian state-run steel producer Steel Authority of India Limited’s (SAIL) Salem Steel Plant (SSP) and Alloy Steel Plant (ASP) will not be completed within the current fiscal year, government sources said on Wednesday, January 26.
IIFL has buy call on Steel Authority of India (SAIL) with a target price of Rs 117. The current market price of Steel Authority of India (SAIL) is Rs 110.45.
Rakesh Jhunjhunwala has trimmed his stake in Steel Authority of India (SAIL) during the January-March quarter to below one per cent. Rakesh Jhunjhunwala along with his wife Rekha Jhunjhunwala collectively hold 0.81 per cent stake in this PSU metal stock.
Does Rakesh Jhunjhunwala hold SAIL?
Rakesh Jhunjhunwala holding in SAIL
If we look at the SAIL shareholding pattern for Q2FY22, Rakesh Jhunjhunwala was holding 7.25 crore SAIL shares or 1.76 per cent stake in the company. This means, the ‘Warren Buffett of India’ has sold out 2.75 crore SAIL shares during October to December 2021.