STEEL AUTHORITY OF INDIA (SAIL)
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L&T Q2 profit climbs 33% to ₹5,202 crore on record orders
L&T reported a 33% year-on-year jump in Q2 net profit to ₹5,202 crore, driven by record order intake. The results were announced alongside a busy earnings day that also saw SAIL post a four-fold profit surge to ₹1,750 crore on cost optimisation and higher sales, though it missed estimates. Other Q2 updates included Bajaj Auto's PAT rising 35%, while Maruti Suzuki, Cipla, ACC and Mazagon Dock saw profit declines.
SAIL posts record H1 FY27 production across product categories
Central Public Sector Enterprise, Steel Authority of India Limited (SAIL) on Monday announced achieving several best-ever milestones across production, sales and efficiency parameters, during April-September half (H1) of FY27.
SAIL, Adani Power Lead 10 Stocks in Focus for September 28
SAIL, Adani Power, and Rashtriya Chemicals headline the stocks to watch on September 28, with SAIL and IGL among 10 companies turning ex-record date this week for bonuses and dividends. Investors are positioning ahead of these corporate actions, which could drive price volatility in the near term.
Nifty Metal index rises 1% as SAIL, Welspun gain up to 4%
Nifty Metal index up over 1%; SAIL, Welpsun Corp soar up to 4%; here's why Analysts at Motilal Oswal say, steel industry pricing discipline will remain vital for margin sustenance, as the impact of current cost inflation is likely to become evident with a lag in H2FY27. Listen to This Article Nifty Metal index movement Nifty Metal index was up over 1 per cent on the National Stock Exchange (NSE) in Wednesday’s intra-day deals.
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.
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