Price History
The Nifty Metal index has surged by 18% this year, adding approximately ₹1.6 trillion to investor wealth, despite the Nifty 50's 8% decline. Notably, companies like Hindalco, Tata Steel, and SAIL have reported impressive Q4 earnings for FY26. However, financial experts advise caution due to high valuations following the recent gains in the sector.
SAIL has reached new heights in May, but there's been some profit selling. Financial experts advise investors to consider a short-term purchase, predicting a potential price of Rs 222 in the coming weeks.
SAIL's open interest surged by 22.1%, indicating growing optimism among investors towards ferrous metals. Increased trading volumes and positive price trends suggest a strengthening belief in the industry.
Steel Authority of India Ltd (SAIL) is investing INR 35,000 crores over the next two years to expand its key manufacturing sites, specifically IISCO, Bokaro, and Bhilai plants. This move aims to bolster the organization's production capabilities.
In the year 2026, mid-cap and small-cap stocks have been the standouts, with the Nifty Smallcap 100 and Nifty Midcap 100 indices showing gains of 1.5% and 1.3% YTD respectively. Notable performers in this space are HFCL (up 112.8%), BSE (up 58.7%), SAIL (up 33.5%), and Apar Industries (up 53.5%).
SAIL increased its quarterly crude steel production and sales volumes by 4% each for the fourth quarter of FY26, marking a 1% year-over-year increase in overall annual production. The company also managed to reduce its debt by INR 3,200 crore during this period.
Citi advises against buying shares in Steel Authority of India, setting a target price of INR 180. Investors should consider this recommendation cautiously before making investment decisions.
SAIL's share prices fluctuated after a robust Q4, reflecting conflicting opinions among analysts regarding the durability of steel margins and future demand growth.
Citi maintains a "Sell" recommendation for SAIL, boosting the price target to ₹180 due to robust Q4 EBITDA growth, but potential challenges like escalating coking coal costs, labor wage revisions, high capital expenditures, and reliance on debottlenecking could limit upside.
Morgan Stanley has kept SAIL at an 'Underweight' status with a target price of ₹140, due to concerns over decreasing volumes and realizations. The financial institution believes that while Q1FY27 may see margin growth due to increased steel prices, the projected volume guidance of 22MT for FY27 is considered excessively optimistic.
Morgan Stanley maintains a cautious stance towards Steel Authority of India, assigning an 'Underweight' rating to the company and setting a target price of INR 140. This suggests a potential investment risk or lower growth prospects for SAIL in comparison to other stocks in the sector.
Investec remains bullish on SAIL, raising its target price to ₹270 due to a strong Q4 performance marked by a 19% EBITDA surplus. The analysts are optimistic about potential spread expansion and volume growth in Q1FY27, along with a focus on efficiency and growth capital expenditure.
Centrum has moved its recommendation on SAIL to 'Sell', suggesting potential decline by 17%, even though they've set a higher target price for the company. Investors may want to consider this cautious outlook when making decisions.
Steel Authority of India (SAIL) held its Q4 FY26 earnings discussion on May 16, 2026, led by institutional advisor Nuvama. This meeting provided an update on the company's financial performance for the quarter.
SAIL intends to achieve a sales volume of 22 million tons and an investment of INR 15,000 crore by fiscal year 2027. Their expansion projects are scheduled to be finished by fiscal year 31.
Steel Authority of India Limited (SAIL) reported a significant increase in income and profits in Q4, as per their recent disclosure. The detailed results highlight a robust growth trajectory for the company.
SAIL's Q4 FY26 results are projected to show significant improvement, with a 83% year-on-year increase in profit to approximately ₹1,178 Crore. The anticipated EBITDA growth of 9.9% YoY suggests financial robustness, and there might be a dividend announcement as well, indicating a strong financial position for the company.
Steel Authority of India Limited (SAIL) has reached a 19-year high of Rs. 209.7, marking a 39% increase in two months. Analyst Ajit Mishra anticipates further gains up to Rs. 230-240. On the other hand, Kaynes has dropped by 19% following weak Q4 results. However, Ajit Mishra suggests a potential reversal for Dixon, if it manages to break above Rs. 11,700.
Steel Authority of India (SAIL) experienced an 11.1% increase, significantly contributing to a 1.02% rise in the Mid-cap segment of the Bombay Stock Exchange (BSE). Notably, the BSE MIDCAP 150 index showed the most growth among mid and small-cap segments today.
Steel Authority of India Limited (SAIL) experienced a significant surge, with shares jumping approximately 14%. This marks the company's most substantial one-day increase in the past six years, reaching new heights in its share price.
Steel Authority of India Limited (SAIL) executed a significant block trade on the National Stock Exchange (NSE), selling 2.08 million shares for approximately INR 40.1 crore at around INR 193 per share.
Steel Authority of India's Futures and Options (F&O) trading continues to be restricted due to open interest surpassing the 106% mark of the maximum daily permit limit (MWPL). The ban will persist until the open interest decreases below the threshold of 95%.
Steel Authority of India Limited (SAIL) reached its highest price point in 15 years, soaring by 11% to Rs. 195.45, with substantial trading volumes. Year-to-date gains have been impressive at 32%. ICICI Securities has issued a 'BUY' recommendation for SAIL, forecasting potential growth up to Rs. 200 due to improved profitability, debt reduction, and cost optimization efforts.
Steel Authority of India Limited (SAIL) will disclose their Q4 financial performance on May 15, offering insights into their recent business activities and profitability.
Ashok Panda has been appointed as the new Chairman and Managing Director of SAIL, replacing Amarendu Prakash whose term concluded on April 1, 2026. His tenure began this past Saturday.
Over 470 companies, including pharmaceutical firms like Dr. Reddy's and Cipla, steel manufacturers such as Tata Steel and SAIL, along with Airtel, are set to release their Q4 results. The attention is now on the performance of the pharma sector, PSUs (Public Sector Undertakings), and large-cap companies. Several of these might propose dividends this week, signaling positive financial health.
Steel Authority of India (SAIL) will present their approved Q4 and full-year 2026 financial results during a board meeting on May 15, 2026. The trading window remains closed from April 1, 2026, until 48 hours after the results announcement.
Steel consumption in India increased by 8.1% year-on-year in April, reaching 12.99 million tonnes. Major domestic steel categories have witnessed price recovery as reported by the Steel Ministry.
Steel Authority of India Limited (SAIL) shares have soared to their highest level in 15 years, igniting enthusiasm among investors. For those seeking investment guidance, additional information is accessible through the provided link. [The Hindu Business Line]
The Rourkela Steel Plant is facing opposition from locals in Biju Bandh due to an expansion plan that includes forced evictions. Protesters are insisting on adequate relocation assistance, with police presence increased as a preventive measure during the eviction process.
Steel Authority of India Limited (SAIL) has continued its upward trend, gaining 2.5% today, making it the fifth straight day of increases in share price. This extended rally indicates a positive sentiment among investors regarding the company's current performance.
Steel Authority of India Limited (SAIL) has secured a halt in the ongoing antitrust probe due to procedural oversights by the investigating authorities, as per a recent court ruling. This means that the investigation against SAIL has been temporarily suspended.
Steel Authority of India Limited (SAIL) successfully halted an antitrust investigation into the steel sector with a recently obtained court order. The decision follows a legal intervention by SAIL, as confirmed in court records.
Axis Sec's Rajesh Palviya suggests investing in Glenmark Pharma, Marico, and SAIL during market downturn, while Infosys and the IT sector have a 3% decline, with Nifty 50 and Sensex experiencing a third consecutive session of drops.
ICICI Securities anticipates Steel Authority of India Ltd (SAIL) will report a 19.5% year-over-year increase in Q4 Profit After Tax (PAT), reaching INR 80.8 crores. The forecast also indicates a growth of 18.8% for net sales to INR 418.1 crores, with EBITDA expected to rise by 22.7% year-over-year.
Steel Authority of India Ltd (SAIL) has reached a 15-year high of ₹177.7, boosted by optimism about capacity expansion, leading to a 17% rally in April. ICICI Securities is particularly bullish, upgrading its recommendation to 'Buy' and setting a target price of ₹200. This move is based on expectations for cost optimization, debt reduction, and increased demand growth.
Steel manufacturers anticipate a substantial increase in profits during the March quarter, driven by price hikes. Despite increased costs, favorable seasonal trends and protective trade policies have maintained robust demand.
Ajit Mishra of Religare Broking suggests investing in BEL, Power Grid, and SAIL for potential quick profits based on optimistic technical indicators. He predicts prices could reach ₹485 for BEL, ₹336 for Power Grid, and ₹182 for SAIL, supported by both company-specific and industry-wide trends.
Steel giant SAIL is predicted to experience a significant profit increase in Q4 due to the implementation of safeguard duties, potentially setting them apart among other steel manufacturers. This boost could be further accentuated by the usual seasonal strength in Q4 for the steel industry in India.