Metals & Mining Q2FY23 Results Preview
Steel Q2FY23 Preview – Margins to hit a trough: We expect Steel companies under our coverage to deliver weak Q2FY23 numbers.
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Steel Sector Outlook - Domestic Demand Revival A Key to Drive the Steel Sector
Domestic HRC Steel prices have corrected by 27% since the peak seen in the 1st week of Apr’22. This has been on account of the weakness in the...
183 Views
Sail - Outlook Challenging; Maintain HOLD
SAIL delivered weak numbers in Q1FY23. This was largely anticipated due to lower sales volumes owing to traders de-stocking and higher coking coal...
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Sail - Earnings Beat Driven by Lower RM Costs
SAIL reported an inline revenue at INR308b (up 32 % YoY and 22 % QoQ) in 4QFY22, driven by an improved mix of higher ASP and sales volume.
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SAIL: Outlook Challenging Despite Robust Performance; Downgrade to HOLD
We downgrade the rating on SAIL to HOLD from BUY and value it at 4.0x FY24E EBITDA to arrive at a target price of Rs 75/share (Rs 125/share...
246 Views