SAIL
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SAIL Shares Soar Despite Negative Analyst Calls
Shares of Steel Authority of India (SAIL) surged as much as 6% on Wednesday, July 29, even as brokerages maintained bearish calls on the state-run steelmaker following its June-quarter earnings. The stock gained despite both UBS and Citi retaining 'Sell' ratings, as investors weighed the company's better-than-expected operating performance and management's reiterated FY27 volume guidance alongside its long-term expansion plans.
SAIL breaks resistance at ₹184, analysts issue buy call
SAIL shares have broken above key resistance at ₹184.20, prompting analysts to issue a 'BUY' rating. The stock is gaining momentum as market sentiment turns positive, with the latest articles reinforcing the bullish outlook. Investors are closely watching the stock's ability to hold above this level.
SAIL barred from fresh F&O positions; Horizon lists
Stock Alert: Caplin Point Lab, Natco pharma, Federal Bank, B. Goyal Infra Shares of Steel Authority of India (SAIL) barred from fresh F&O positions on 24 August 2026. New Listings: Horizon Industrial Parks will list on the bourses.
SAIL plans 5% FPO in FY27 to fund capex
3 Min Read Steel Authority of India (SAIL) is looking to raise capital for itself through a fresh share sale as the state-run steelmaker looks to fund its expansion plans. The company has approached the Finance Ministry's Department of Investment and Public Asset Management (DIPAM) for a 5 percent follow-on public offer (FPO) this fiscal, sources said. "For SAIL, the thinking is slightly different.
Joint venture for stainless steel production
SAIL and Indonesia-based PT Krakatau Steel, which have signed an MoU to set up a joint venture, are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV, a source with direct knowledge of the plans said. Earlier this week, the steel PSU and the Indonesian entity signed a memorandum of understanding to explore a joint venture to manufacture stainless steel slabs to meet the commodity’s increasing demand in India.
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