Accumulate Steel Authority of India (SAIL), target price Rs 95: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Steel Authority of India (SAIL) with a target price of Rs 95.
The current market price of Steel Authority of India (SAIL) Ltd. is Rs 88.5.

Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 36451.89 Crore) operating in Metals - Ferrous sector.


Steel Authority of India (SAIL) Ltd. key Products/Revenue Segments include Iron & Steel, Other Operating Revenue, Service Charges for the year ending 31-Mar-2023.


Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 29858.19 Crore, up 20.29 % from last quarter Total Income of Rs 24822.83 Crore and up 12.07 % from last year same quarter Total Income of Rs 26642.02 Crore. Company reported net profit after tax of Rs 1210.52 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 65.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 3.69 per cent, DIIs 14.59 per cent.