Best answer: Why is the sail going down?

Is it good to buy SAIL shares now?

As on 29th Oct 2021 SAIL Share Price closed @ 115.10 and we RECOMMEND Buy for LONG-TERM with Stoploss of 99.67 & Sell for SHORT-TERM with Stoploss of 119.16 we also expect STOCK to react on Following IMPORTANT LEVELS.

Is sail a good share to invest 2020?

On SAIL, Sandep Matta of TRADEIT Investment Advisors said, “Steel Authority of India (SAIL) is the best play of higher steel prices as it is backward integrated with captive ore and has higher operative and financial leverage.

Why are steel prices dropping?

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 buy?

SailPoint Technologies has received a consensus rating of Buy. The company’s average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.

Is SAIL good for long term?

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.

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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.

What is the target of SAIL share?

ICICI Securities has sell call on Steel Authority of India (SAIL) with a target price of Rs 99. The current market price of Steel Authority of India (SAIL) is Rs 111.20. Time period given by analyst is one year when Steel Authority of India (SAIL) Ltd. price can reach defined target.

Which share 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

Will steel prices go down in 2021?

Will steel prices go down in 2021? Steel prices are extreme and should decline from late second quarter through the end of 2021. Locking now will mean over-paying over the second half of the year.

Will steel prices go up in 2021?

Indian HRC trading prices rose Rs 1,400/t w-w to Rs 65,000-66,000/t (in Mumbai) in the week ending July 30, as consumers resumed buying in anticipation of price hikes in August 2021. But steel prices have declined from the historical highs of July 2021 despite the slight rise in global steel prices.

Will steel prices go down in 2022?

Meanwhile, the global steel supply-demand imbalance will return through 2022 with prices gradually declining toward their historical averages from the unusual highs of 2021. … Steel supplies will continue to increase as well, with productivity improving and new capacity coming online in certain parts of the world.

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