Company: Steel Authority of India (SAIL) Ltd. Category: IPO Notes

SAIL posted Q1FY19 earnings below our estimates due to lower than expected volumes and higher costs.
Aug. 7, 2018, 10:31 a.m.

SAIL: 4QFY18 Results Update
May 31, 2018, 9:20 a.m.

SAIL: Result Update - Reliance Securities
Aug. 24, 2017, 12:21 p.m.

SAIL posted disappointing earnings for Q1FY18 earnings due to steep increase in costs. Though the realisations came ahead of our expectation, higher costs derailed the benefit. We continue to maintain our negative outlook on the stock due to its high cost structure, deteriorating B/S and expensive valuations. Reiterate Reduce with TP of Rs50, P/B of 0.6x FY19E.
Aug. 16, 2017, 10:39 a.m.

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