Friday, August 21, 2020

Is SAIL Heading Towards 3 digit soon | Price-Volume Breakup | Fundamental and Technical

Steel Authority of India (SAIL)

CMP : 43

SAIL is  a 'Navratna Company' . In this article we will see on which ground it is expected that shares of SAIL  can head towards 3 digit in the near future. We will see how SAIL fundamental performance and Technical signals is improving in the recent times to make it a perfect candidate.


SAIL Key Strength

➽ Stocks where Mutual Funds Increased Holdings in Past Month
➽ Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
➽ Efficient in managing Assets to generate Profits - ROA improving since last 2 year
➽ Growth in Net Profit with increasing Profit Margin (QoQ)
➽ Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
➽ Company with Zero Promoter Pledge
➽ Stock gained more than 20% in one month
➽ Strong Momentum: Price above short, medium and long term moving averages

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SAIL Key Weaknesses

➽ Companies with high market cap, lower public shareholding
➽ Increasing Trend in Non-Core Income
➽ Degrowth in Revenue and Profit

SAIL on Weekly Technical Price Chart



➽ Shares of SAIL a 'Navratna Company' in March were trading near the level of 20 from there after a long consolidation share started trending in upward direction.

➽ SAIL stock breakout the resistance of 40 with significant volume and heading toward next level.

➽ The rise in the price was not only because the Nifty or Market rise or due to Technical signals on charts. But, it is fundamental also let see below: 

  • SAIL company sales revenue is continuous increases from the 3 years.
  • Net Profit also increasing for the years and net profit came from Loss to Profit
  •  Reserve and Surpluses also rising for the 3 years back to back.

➽ All these signals Suggesting that SAIL is not only improving on Technical ground but it Fundamentals are also improving in the recent times. 

  ➽  These are all signals for a brighter future and on the basis of above Fundamental and Technical signals SAIL stock can go to in 3 digit figure soon with the levels of 138 in long term.
          Below is the data of SAIL recent Annual Results , Reserve and Surplus position and recent Share Holding Patterns improving.


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SAIL recent Annual Results


SAIL recent years Sales and Net Profit is Improving.


SAIL recent Reserve & Surplus


SAIL reserve and surplus position increasing for the 3 years.


SAIL recent Share Holdings



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Disclaimer-

In NO WAY should be considered as a tip as it is based on past data. We strongly recommend to use these signals for information only and seek to advise from a certified professional for any trading decision.www.finvestonline.com is not a SEBI registered Investment Adviser or Research Analyst.Each user shall be responsible for the risks of their own investment activities and, in no event, shall www.finvestonline.com be liable for any losses or damages, monetary or otherwise, that result from actions taken after reading the contents of reports, reviews and analysis published on the www.finvestonline.com. www.finvestonline.com recommends that anyone trading securities should do so with caution and consult with a broker and financial advisor before doing so, as stock market has a high degree of volatility and risk.

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