bijoy2526
Short

DUE TO STAKE SELL SERIOUS BREAK DOWN OF SAIL TAKING PLACE

NSE:SAIL   STEEL AUTHOR INDIA
MAY BE IT WILL BE DOWN TO 44.

Comments

Dear Sir, you had advised to buy SAIL on dips. Fundamentally I find SAIL very attractive from a 3-5 years term. Do you still see long term trend intact?
Reply
bijoy2526 sivaprakasamp
@sivaprakasamp, still i am not deviating from my opinion.yes it is good for long term. even I think as govt has allowed SAIL to sell its fines generated
at its mines, is huge positive for SAIL. I think in this quarter SAIL will have better result that its competitors. Apart from tata steel all the steel plants in SAIL are integrated .and in its mines huge amounts of fines are generated.In the marketing point of view it is very positive for SAIL. and it is now available at cheap compared to its book value.
Reply
sivaprakasamp bijoy2526
@bijoy2526, Great Sir, I am bullish given low capacity utilisation and potential supply deficit in 2-3 years term. Fines sale is a plus. Thanks for your view, I like your approach to technical analysis!
Reply
bijoy2526 sivaprakasamp
@sivaprakasamp, welcome
Reply
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