Steel Authority of India (SAIL) shares surged 3.40% on Bombay Stock Exchange (BSE) in trade on February 13, 2025. Last trading price of SAIL shares on BSE stood at Rs 109.40 apiece. The company on February 11, 2025 reported a steep decline of 66% in its consolidated net profit at Rs 142 crore for the quarter ended December 31, 2024. It had announced its consolidated net profit at Rs 423 crore in the corresponding quarter of last year.
Meanwhile, analysts continue to maintain positive outlook and anticipate shares of the metal PSU rising. The metal stock witnessed rally of 9.40% in last 1-month and declined 7.21% in last 1-year. The company has a market capitalisation of Rs 45,183.21 crore with ROE at 3.64%. Check more details below:
SAIL Q3 Results
The Maharatna firm announced its revenue from operations at Rs 24,490 crore for Q3FY25, indicating a growth of 5% as against Rs 23,349 crore declared in the similar quarter of last year. Meanwhile, the EBITDA of SAIL zoomed by approximately 3% to Rs 2389 crore while sales volume witnessed improvement of 4.43 million tonne.
Analysts Call After Q3 Results
According to A R Ramachandran, SEBI registered Independent research analyst, “SAIL stock price is bullish on the Daily charts with strong support at 105. A Daily close above resistance of 112 could lead to a target of 128 in the near term.”
Meanwhile, Nuvama Institutional Equities upgraded SAIL from reduce call to buy with fresh target price of Rs 123 per share. The analyst said, “we expect lower coking coal prices to improve gross margin and in turn drive a 20% EBITDA CAGR over FY25–27E. Debt is likely to stay elevated amid ~15mtpa expansion plan.”
The brokerage firm said, SAIL is expected to be the biggest beneficiary of any imposition of safeguard duty on steel imports.
SAIL Shares Performance
The 52-week high price of SAIL shares on BSE is Rs 175.65 per share (as on 22/05/2024) and 52-week low price is Rs 99.20 per share (as on 12/02/2025), respectively. SAIL shares zoomed 3.75% in last 2-weeks, slipped 14.63% in last 6-months, and surged 31.33% in last 2-years. In last 5-years, SAIL stock offered shareholders return of 141.23%.
SAIL Shares Slip 37.72% From 52-Week High
It is worth mentioning here that SAIL share tanked 37.72% from the 52-week high price of Rs 175.65 per share if last trading price of Rs 109.40 per share is taken into consideration.
SAIL Dividend Yield
The metals PSU recommended a total of 31 dividends since January 31, 2005. In last 1-year, Steel Authority of India (SAIL) recommended an equity dividend amounting to Rs 2.00 per share. At the current share price of Rs 109.40, Steel Authority of India offers a dividend yield of 1.83%.
Disclaimer: The stock has been picked from the brokerage report of Nuvama Institutional Equities and A R Ramachandran. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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