External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Steel Authority of India / Equity Bottom-Up

<p>SAIL has iron ore mines in Chhattisgarh, Jharkhand and Odisha, which aids in meeting 100% of its iron ore requirements captively. Even on the expanded capacity, the company would be self-sufficient in meeting its iron ore requirements. Captive supply of iron ore aids in keeping SAIL's overall raw material costs under check. Also, currently, the relatively firm trend in steel prices augurs well for SAIL. We model EBITDA/tonne of Rs 12000/tonne...</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

SAIL has iron ore mines in Chhattisgarh, Jharkhand and Odisha, which aids in meeting 100% of its iron ore requirements captively. Even on the expanded capacity, the company would be self-sufficient in meeting its iron ore requirements. Captive supply of iron ore aids in keeping SAIL's overall raw material costs under check. Also, currently, the relatively firm trend in steel prices augurs well for SAIL. We model EBITDA/tonne of Rs 12000/tonne...
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Steel Authority of India (SAIL): Steady Performance