Weekly Shorts : Analysis of Steel Authority Of India

Current Market Price : INR 122.90

Quarterly results of SAIL are expected to be uploaded on June 10, 2021. Apart from this, the increase in steel prices by INR 5000 per ton further helps in increasing sales profit.

As a result, we recommend to buy this share as it has great potential and can give returns of up to 20% in a short term.

However, the share price is likely to be determined by the upcoming result and a bad quarterly result can have significant consequences on share’s price.

Our Stance : BUY

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