In order to manage already existing steel plants under on Authority Government of India started this venture in with a authorizes capital of Rs.2000 Cr, in1973 Known as Steel Authority Of India popularly known as SAIL. After 1978 restructuring SAIL surfaced as one of the largest steel makers in India and 16th largest steel producer in the world with a turnover of Rs. 45,555 Cr, fifth highest profit making corporate. Producing 13.5 million metric tons of steel every year for construction and trading industry in India and across the world. SAIL take pride in operational and financial autonomy as government of India owns 86% of the company crowned with Navratna status. SAIL had played a technically outstanding and managerial firm role in infrastructure development for the industrial, construction and Trading Industry development in India. Even for domestic market (buy and sell) trading of steel is easy.
A Short term plan was launched to understand new market demand and modern advancements and eliminating technological gaps and cater to booming steel industry globally and increase the production by 110 MT by 2020 and bridge up the technological gap right from production process, energy savings, pollution control and automation and so far the outcome of that plan is 20% higher sale growth this September. In a Long term plan, MECON-leading metallurgical industry consultant has joined hands with SAIL for to build sustainable competencies and prepare a Composite project feasibility reports (CPFRs) for 4 steel plants. Achieving cost competitiveness remains a prime target of SAIL’s Improvement plans to increase the value of employee competence level.
Dividend of Rs. 1,528.25 Cr was paid to share holders by SAIL for 2007-08 and it was the highest ever paid dividend by SAIL since its Incorporation in 1973. Now here is a little tip for share holders, start buying and stop selling, as the rate of growth is going to rise within a short period of time. This indigenous success story is serving the traders as well who trades in the stocks of the company for both long term and short term benefits. If you intend to buy or sell stocks in the company then you can request tips on stock market and analysis from this platform which is always ready to help you out with successful trading calls.
Sell SAIL with target of Rs 180 and stop loss of Rs 200, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 191, down 1% on the BSE
Buy SAIL with target of Rs 210-215 and stop loss of Rs 193, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 199.90, down 0.1% on the BSE.
Sell SAIL with target of Rs 194 and stop loss of Rs 205, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 198, up 0.1% on the BSE.