Prabhudas Lilladher Reaffirms Their Hold Rating on Steel Authority of India Limited (SAIL)
In a report released yesterday, Tushar Chaudhari from Prabhudas Lilladher maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report), with a price target of INR133.00. The company's shares closed last Friday at INR129.18.
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The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target, which is a -22.59% downside from current levels. In a report released on May 30, J.P. Morgan also maintained a Hold rating on the stock with a INR120.00 price target.
Based on Steel Authority of India Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR244.9 billion and a net profit of INR1.42 billion. In comparison, last year the company earned a revenue of INR233.49 billion and had a net profit of INR4.23 billion
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