Is Sail good stocks to buy?

Is SAIL stock worth buying?

SAIL share price outlook

Strong steel cycle will help realization to remain high for next few months and therefore we recommend buying this counter at the current levels for the target of ₹152 to ₹165 within a year and advise to keep stop loss at ₹117 level on closing basis.”

Are sails profitable?

Domestic steel major SAIL on Friday returned to the black, posting a consolidated net profit of Rs 3,897.36 crore for the June 2021 quarter. … Its net income during April-June 2021 more than doubled to Rs 20,754.75 crore, compared with Rs 9,346.21 crore in the year-ago period.

Which stock is best to buy now?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP High
Axis Bank 742.00 762
B P C L 417.70 425
Bajaj Auto 3,707.25 3,755
Bajaj Finance 7,400.20 7,550

Is sail a good long term buy?

The share price of SAIL has halved over the past one year from Rs 110 to its current price of Rs 54. … 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.

IT IS IMPORTANT:  Quick Answer: Is Windsurfing still popular?

Will Sail share price go up?

As on 28th Oct 2021 SAIL Share Price closed @ 115.00 and we RECOMMEND Buy for LONG-TERM with Stoploss of 99.35 & Sell for SHORT-TERM with Stoploss of 119.38 we also expect STOCK to react on Following IMPORTANT LEVELS.

SAIL Share Price.

PNB 41.35 -10.69%
NATIONALUM 98.55 -3.29%
ITC 225.10 -5.60%

Is sail a debt free company?

virtally a zero debt company. SAIL also prepaid Rs 525 crore to a leading financial institution on a negotiated settlement basis. … The company maintained its average capacity utilisation at 104%, and attained a record production of finished steel at 9.28 million tonne.

Why steel stocks are down?

The decline in metal stocks came as investors booked profits in the segment on concerns over Chinese steel production, faltering global growth, and the prospect of reduced US stimulus. A depreciating rupee, which slumped 15 paise against the US dollar, added to the woes.

Is SAIL a loss?

SAIL posted a consolidated net loss of Rs 1,226.47 crore for the first quarter ended June 30, mainly on account of reduced income. During the quarter under review, the company said its net profit declined to Rs 9,346.21 crore from Rs 14,998.20 crore in the April-June period of the preceding fiscal.

Is SAIL a debt?

The steel manufacturer has a net debt of around ₹ 30,000 crore by the end of April-June quarter of the financial year 2021-22, compared to ₹ 35,350 crore by the end of the previous fiscal year. … SAIL had decreased its net debt by ₹ 16,131 crore to ₹ 35,350 crore during the financial year 2020-21.

IT IS IMPORTANT:  Are Necky Kayaks any good?

Is steel Authority of India profitable?

SAIL earns net profit ofRs 3850 Crore in FY21, posting more than 90% growth. New Delhi, 10th June, 2021: Steel Authority of India Limited (SAIL) has announced the company’s annual as well as fourth quarter performance for the financial year FY 2020-21 (FY21) on 10th June, 2021.