Hold Steel Authority of India Limited and Deepak Nitrite Limited

hold

Hold Steel Authority of India Limited:

 

Steel Authority of India Limited

 

Steel Authority of India Limited has officially announced a standalone sales of Rs. 19,835.71 Cr for the third quarter finished on 31-12-2020, which is 50.81% down from its previous quarter sales of Rs. 9,067.52 Cr and 5.44% down from its previous year same quarter sales of Rs. 14,128.96 Cr. The company reported a net profit after tax of Rs. 2,346.48 Cr in the previous quarter.

Outlook:

Steel Authority of India Limited: Experts suggested hold call at current market price: Rs. 81.35 with a target price: Rs. 85; stoploss: Rs. 80.

Hold Deepak Nitrite Limited:

Deepak Nitrite Limited

Deepak Nitrite Ltd has officially announced a consolidated sales of Rs. 1,234.69 Cr for the third quarter finished on 31-12-2020, which is 1.81% down from its previous quarter sales of Rs. 987.34 Cr and 0.44% down from its previous year same quarter sales of Rs. 1,119.86 Cr. The company reported a net profit after tax of Rs. 73.74 Cr in the previous quarter.

Outlook:

Deepak Nitrite Ltd: Experts suggested hold call at current market price: Rs. 1,557.30 with a target price: Rs. 1,600; stoploss: Rs. 1,400.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.

Leave a Reply

Your email address will not be published. Required fields are marked *