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Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 46385.80 Crore) operating in Metals – Ferrous sector.
Steel Authority of India (SAIL) Ltd. key Products/Revenue Segments include Iron & Steel, By Products, Other Operating Revenue and Service Charges for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 27007.02 Crore, up 30.12 % from last quarter Total Income of Rs 20754.75 Crore and up 57.96 % from last year same quarter Total Income of Rs 17097.57 Crore. Company reported net profit after tax of Rs 4261.91 Crore in latest quarter.
Investment Rationale
Going ahead the brokerage expects the stock to resume its up move and head higher towards Rs 121 levels in the coming weeks being the 61.8% retracement of the immediate previous breather (Rs 131-99)
Promoter/FII Holdings
Promoters held 65.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.38 per cent, DIIs 12.47 per cent.
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