BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Credit Suisse maintains underperform on Steel Authority Of India
Credit Suisse has maintained "sell" call on SAIL for a target price of Rs 35. We see costs to rise despite partial coking coal integration. Any deleveraging looks unlikely till FY2019. Stock looks expensive even at FY2018 estimated EBITDA.