Maharatna Metal PSU Declines 9.63%, Morgan Stanley Raises TP To Rs 125; Buy Or Sell?

Steel Authority of India (SAIL) shares witnessed decline of 9.63% in last 3-months and zoomed 49.36% in last 1-year. Last trading price of Steel Authority of India shares on BSE is Rs 136.95 per share. Lici asm non par stake in SAIL stood at 7.97% with 329,359,700 shares of the company. The company's market capitalisation stood at Rs 56,561.61 crore. The company recommended a total of 31 dividends in last 19 years. It offers a dividend yield of 1.46%. Check key details below:

Should You Buy Steel Authority of India Shares? Morgan Stanley recommended 'underweight' call on Steel Authority of India shares but sought to raise price target to Rs 125. Meanwhile, Anand Rathi recommended buy call with buying range of Rs 138 to Rs 140 and target price of Rs 152. The analyst has suggested to keep the stop loss at Rs 132 per share. The daily RSI of SAIL broken through a bearish trendline, signalling a shift in momentum towards the bullish side, according to Anand Rathi.

SAIL Dividend History: Steel Authority of India (SAIL) announced a total of 31 dividends since January 31, 2005. In last 1-year, Steel Authority of India (SAIL) announced an equity dividend amounting to Rs 2.00 per share. At the current share price of Rs 137.0300, Steel Authority of India (SAIL) offers a dividend yield of 1.46%.
SAIL Shares Performance: The 52-week high price of SAIL is Rs 175.65 per share (as on 22/05/2024) and 52-week low price is Rs 81.85 per share (as on 26/10/2023), respectively. SAIL shares zoomed 8.6% in last 1-weeks, declined 8% in last 6-months, offered return of 10% YTD, and surged 80% in last 2-years. In last 5-years, SAIL shares gained 335%.

About: Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products, as per its official website.

Disclaimer:

The stock has been picked from the brokerage report of Morgan Stanley and Anand Rathi. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.