|Bid||40.50 x 0|
|Ask||40.55 x 0|
|Day's range||40.15 - 41.75|
|52-week range||29.55 - 60.20|
|Beta (5Y Monthly)||1.07|
|PE ratio (TTM)||16.73|
|Forward dividend & yield||0.50 (1.31%)|
|1y target est||83.47|
The US has imposed sanctions on Iran’s biggest shipping company and largest airline for allegedly helping Tehran develop ballistic missiles in contravention of UN sanctions. Mike Pompeo, secretary of state, on Wednesday announced the sanctions on the Islamic Republic of Iran Shipping Lines (IRISL) and its China-based subsidiary, E-Sail Shipping, as well as Mahan Air. The sanctions on the entities, which are already subject to other US punitive actions, are being imposed under an executive order aimed at stopping the development and proliferation of weapons of mass destruction (WMD).
An Indian court on Thursday cleared JSW Steel Ltd's takeover plan for debt-ridden Bhushan Power and Steel, bringing an end to a bankruptcy case that has dragged on over two years. The move paves the way for JSW Steel, which has the biggest steel capacity in India, to take control of a steel asset in the east of the country where rival Tata Steel Ltd and Steel Authority of India Ltd have long dominated. The National Company Law Tribunal (NCLT) in New Delhi said it approved the debt resolution plan of JSW Steel, according to a copy of the judgment.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Steel...
Anil Chaudhary is the CEO of Steel Authority of India Limited (NSE:SAIL). First, this article will compare CEO...
NEW DELHI/BENGALURU (Reuters) - Four unidentified men attacked the chief of India's largest state-owned steel firm, Steel Authority of India Ltd (SAIL), with iron bars as he was driving home in a violent assault that he said on Thursday appeared linked to business dealings. Anil Kumar Chaudhary, 58, had left work on Wednesday night in New Delhi when his car was hit by another vehicle occupied by four people, the company said in a statement. Chaudhary, who was discharged from hospital after treatment, said he suspected people from companies that had previously done business with the state firm were behind the attack.
Anyone researching Steel Authority of India Limited (NSE:SAIL) might want to consider the historical volatility of the...
India's steel ministry has sought an immediate increase in import duties on finished steel products to 15% from a range of 7.5% to 12.5%, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by Reuters showed. The steel ministry has proposed the higher duties as part of its recommendations to the finance ministry for the upcoming 2019/20 budget that is due out on July 5. "The U.S.-China trade war is threatening Indian markets as China looks for alternative markets" for its steel exports, India's steel ministry said.
Today we'll evaluate Steel Authority of India Limited (NSE:SAIL) to determine whether it could have potential as an...
Steel Authority of India Limited (NSE:SAIL) is a small-cap stock with a market capitalization of ₹235b. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a...
Steel Authority of India Limited (NSE:SAIL) shareholders should be happy to see the share price up 13% in the last month. But that is minimal compensation for the share priceRead More...
Steel Authority of India posted on Thursday a more than 14-fold surge in third-quarter net profit, topping estimates, as the company clocked in record production of saleable steel and crude steel. Net ...
Indian steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said. Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which threatens to wipeout the healthy profits made in the past couple of years. The steel companies have approached the ministry multiple times over the past few months, alleging China, Japan, South Korea and Vietnam are dumping various grades of low-cost steel into the Indian market and stealing market share as a result, three government sources said.
ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi Mittal-controlled ArcelorMittal signed a deal in May 2015 to set up a steel plant to produce automotive grade steel.
India's steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new regulations could disrupt the production of cars, government and industry sources said. The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India. India's auto industry, which includes companies such as Maruti Suzuki, Hyundai Motor Co, Honda Motor Co and Ford Motor Co, is staring at production stoppages if new tougher rules on steel imports are not relaxed, a federal minister warned in a letter.
Steel Authority of India Ltd wants to sign JV agreement with ArcelorMittal next month, SAIL's chairman said on Friday. Higher input costs mean no scope for a cut in local steel prices, SAIL Chairman Anil ...