Steel Authority of India Ltd. is one of the largest steel producers in India. The company is in the iron and steel production business. SAIL was listed on NSE on 6 July in the year 1995. The stock was like a penny at that time but now sail stock trades near 102 level on NSE and BSE. The growth of the company was not that good as we have tough competition in this sector by Tata Steel and JSW ... [Continue Reading]
SAIL Second Quarter Result Disappoints, net profit down 34%
India's second largest steel company Steel Authority of India (SAIL) has announced its second quarter (ended September 2010) results today. The company has reported a net profit of Rs.1,090 cr as against Rs.1,660 cr last quarter, down 34.34% on year-on-year basis (YoY). Net sales jumped 6.63% to Rs.10,603 cr from Rs.9,944 cr (Year on year basis). Also, Earning before interest, depreciation, tax ... [Continue Reading]