Buy Steel Authority of India (SAIL), target Rs 85: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Steel Authority of India (SAIL) with a target price of Rs 85.

The current market price of Steel Authority of India (SAIL) is Rs 77.30.

Time period given by the analyst is intraday when Steel Authority of India (SAIL) price can reach defined target.

Shrikant Chouhan recommended to keep a stop loss at Rs 74.

Steel Authority of India (SAIL), incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 31,928.96 Crore) operating in Iron and Steel sector.

Steel Authority of India (SAIL) key Products/Revenue Segments include Steel Products which contributed Rs 49,113.87 Crore to Sales Value (98.68 per cent of Total Sales), Other Operating Revenue which contributed Rs 554.97 Crore to Sales Value (1.11 per cent of Total Sales), Export Incentives which contributed Rs 66.37 Crore to Sales Value (0.13 per cent of Total Sales) and Service Charges which contributed Rs 31.89 Crore to Sales Value (0.06 per cent of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes CA.Parmod Bindal, Dr.G Vishwakarma, Dr.Samar Singh, Mr.Anil Kumar Chaudhary, Mr.Kalyan Maity, Mr.Kartar Singh Chauhan, Mr.Narendra Kumar Taneja, Mr.Nilanjan Sanyal, Mr.P K Singh, Mr.Raman, Mr.Saraswati Prasad, Mr.Sunil Barthwal, Mrs.Anshu Vaish, Ms.Soma Mondal, Ms.Urvilla Khati, Prof.Ashok Gupta.

Company has V K Dhingra & Co. as its auditors.

As on 30-09-2017, the company has a total of 4,130,525,289 shares outstanding.