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Steel Authority of India Limited (NSE: SAIL) gains 5% intraday

Steel Authority of India Limited (NSE: SAIL) stock rises 5% intraday to 173.66, approaching support but not clearing 6M resistance. .

Manas shah, Analyst — IT & Software

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Steel Authority of India Limited SAIL gains 5% intraday

Steel Authority of India Limited (SAIL) edged up from its support zone, gaining +5% to 173.66 on the NSE on 04 Aug 2026. The stock is approaching support but has not cleared resistance, indicating a consolidation phase rather than a breakout. This move is technical, with no recent NSE filings. SAIL, a major player in the Indian steel sector, saw its stock rise amid a sector that has shown mixed momentum, suggesting this move might be more company-specific than a broader sector trend.

Technical setup — trendlines & DMA

SAIL’s current 6M trendline status shows the stock consolidating down, with a support trendline at 169.54, just 2.37% below today’s price, and resistance at 212.75, which is 22.51% above. The 50-DMA at 177.2 is above the 200-DMA at 160.1, signaling a bullish trend, though the stock is currently below the 50-DMA, indicating a recovery mode. SAIL is trading in the middle third of its 52W range, suggesting that while there’s room for further upside, a significant portion of potential gains might already be priced in.

6M Trendline — Intraday Snapshot
APPROACHING SUPPORT₹160₹180₹20023 Mar11 May22 Jun4 Aug

Snapshot: 173.66 on 2026-08-04 (chart frozen at publication)

Fundamentals & business context

With a PE of 16.0, SAIL’s valuation appears reasonable given its thin profit margin of 3.8% and modest revenue CAGR of 2.2%. However, the profit CAGR of 15.7% over the last five years suggests the market might be pricing in expectations of a turnaround or future growth. Institutional ownership stands at 19.8%, indicating a cautious but present interest from smart money. Today’s move lacks a specific NSE catalyst, highlighting its technical nature.

SAIL
Holdings Analysis
Key strengths & risk signals
70
Overall
64
Fundamental
77
Technical
Risks (2)
LOW MARGIN! 3.8% profit margin - thin profits.
WEAK MOMENTUM! Limited price growth - -0.9% (1 week), 2.1% (1 month), -1.5% (3 months).
Strengths (4)
FAIRLY VALUED! PEG of 1.09 indicates reasonable valuation.
BULLISH TREND! 50-day average (175.7) is above 200-day average (167.6) - positive signal.
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 23,762,301 vs down days: 19,047,772. Ratio: 1.25x
STRONG POSITION! Current price (177.3) is above both moving averages.

Algorithmic scorecard

SAIL’s overall algorithmic score reflects a technically strong but fundamentally weaker profile. The bullish trend, indicated by the 50-DMA being above the 200-DMA, and the bullish sentiment over the last 30 days, where up days saw significantly higher volume than down days, are strong positives. These signals suggest systematic accumulation and positive market sentiment. However, the low profit margin of 3.8% and negligible dividend yield of 0.95% are significant risks, indicating thin profits and limited income generation for investors.

Fundamental & Technical AnalysisNSE: SAIL
70Overall
64Fundamental
77Technical
Growth Quality18 / 30
Revenue CAGR: 2.0% (SLOW, 5/15). Profit CAGR: 15.7% (VERY GOOD, 13/15).
Profit Margin2 / 10
LOW MARGIN! 3.8% profit margin - thin profits.
PEG Valuation9 / 10
FAIRLY VALUED! PEG of 1.09 indicates reasonable valuation.
Dividend Yield5 / 10
LOW DIVIDEND! 1.34% yield - minimal income contribution.
Debt / Equity6 / 10
MODERATE DEBT! D/E of 0.63 - acceptable leverage.
Public Holding16 / 20
LESS PUBLIC HOLDING! 17.56% public ownership - good institutional/promoter control.
Stability8 / 10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Moving Averages10 / 10
BULLISH TREND! 50-day average (175.7) is above 200-day average (167.6) - positive signal.
Price Position8 / 10
STRONG POSITION! Current price (177.3) is above both moving averages.
Trend Pattern14 / 20
Current trend: CONSOLIDATING UP
52W Performance8 / 10
GOOD YEAR! Stock gained 28.5% in the last year.
Volume Sentiment25 / 30
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 23,762,301 vs down days: 19,047,772. Ratio: 1.25x
RSI3 / 5
NEUTRAL! RSI at 45.5 - balanced momentum.
52W Range4 / 5
UPPER HALF! Trading at 62.2% of 52W range - positive territory.
Momentum2 / 5
WEAK MOMENTUM! Limited price growth - -0.9% (1 week), 2.1% (1 month), -1.5% (3 months).
Beta / Volatility3 / 5
MARKET ALIGNED! Beta of 1.00 - moves with the market.

Company outlook

Management outlined several forward-looking initiatives and expectations. They anticipate a reduction in coal costs by INR1,000 to INR2,000 from August onwards, aiming for full-year volume growth over the last year by year-end. Plans include targeting INR15,000 crores this year, with expectations to increase in the next 2-3 years. The Durgapur plant is set to produce around 0.8 to 0.9 million tonnes of TMT bars by September to December 2027. Additionally, by 2028-29, the IISCO steel plant expansion is expected to reduce variable costs by around INR4,000, with a net cost reduction of INR2,000 at that point.

Get all details on SAIL — P&L, peers, shareholding and more on TradeAlone.

Basic Materials

Steel Authority of India Limited (sail) FY’27 Snapshot: Robust Financials and Production Metrics

Steel Authority of India Limited (SAIL) FY’27 snapshot reveals strong financials, production metrics, and industry outlook.

abhinav tiwari

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Steel Authority of India Limited SAIL FY27 Snapshot

Steel Authority of India Limited (SAIL) FY’27 snapshot showcases impressive financials and production metrics. The company reported a debt of Rs. 31,970 crore with a Debt Service Coverage Ratio (DSCR) of 1.66 and an Interest Coverage Ratio of 4.80. Earnings Per Share (EPS) stood at Rs. 3.96, while the EBITDA margin improved to 16.7%.

Financial Performance

SAIL’s EBITDA reached Rs. 4,356 crore, PBT at Rs. 2,159 crore, and PAT at Rs. 1,636 crore. The company’s turnover and revenue from operations were Rs. 26,010 crore and Rs. 26,246 crore respectively. Net worth increased to Rs. 59,720 crore, reflecting strong profitability and financial health.

Production Metrics

In terms of production, SAIL produced 5.051 MT of hot metal, 4.757 MT of crude steel, and 4.516 MT of saleable steel in FY’27. Domestic sales stood at 4.106 MT, while exports were at 0.057 MT. The company’s mining operations also performed well with iron ore production at 10.410 MT.

As the global economic scenario remains cautiously optimistic, SAIL’s performance aligns with the improved projections for emerging and developing economies, despite challenges in advanced economies.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Steel Authority of India Limited

Steel Authority of India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

SAIL
Basic Materials › Steel
CONSOLIDATING UP
64
Fundamental
76
Technical
70
Overall

1W -0.93%
1M +2.15%
3M -1.51%
P/E: 17.1 Cap: Large
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Steel holds in the upper half of its 52-week range, a sign the market backs the stock. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The PEG of 1.09 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock gains 2.1% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -1.5% in three months on 2.0% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Steel Authority of India Limited.

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Basic Materials

The Ramco Cements Limited (ramcocem) Wins Three Honours at Kyoorius Design Awards 2026

The Ramco Cements Limited (RAMCOCEM) wins three prestigious honours at the Kyoorius Design Awards 2026, including the Grand Prix Grey Elephant.

Deputy Editor, Equities for tradealone

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The Ramco Cements Limited Ramcocem Kyoorius Design Awards 2026

The Ramco Cements Limited (RAMCOCEM) has achieved remarkable success at the Kyoorius Design Awards 2026, earning three prestigious honours, including the coveted Grand Prix Grey Elephant in the Design in Action track. This recognition underscores the brand’s innovative design philosophy and its distinctive approach to construction chemicals.

Distinctive Design Philosophy

Hard Worker, The Ramco Cements Limited’s construction chemicals brand, has been recognised for its innovative design thinking. The brand won two Blue Elephant honours – one for Design in Action and another for Packaging. This success highlights the brand’s commitment to creating memorable and easily understandable communication.

Industry Milestone

The accolades come at a significant milestone for Hard Worker, which has already crossed 350 crore in sales within its first 12 months since launch. The recognition further cements Hard Worker’s position as a leader in the construction chemicals sector.

Future Outlook

As The Ramco Cements Limited continues to expand its portfolio, the recognition at the Kyoorius Design Awards 2026 serves as a testament to the brand’s design-led approach and its ability to resonate with diverse markets and audiences. This achievement is expected to drive further growth and innovation in the construction chemicals industry.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of The Ramco Cements Limited

The Ramco Cements Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

RAMCOCEM
Basic Materials › Building Materials
APPROACHING SUPPORT
68
Fundamental
54
Technical
62
Overall

1W +0.36%
1M -5.73%
3M -1.76%
P/E: 31.8 Cap: Large
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The trades in the lower quarter of its 52-week range. Thin margins at 7.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 1.04 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock sits at 8% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 3.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of The Ramco Cements Limited.

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Basic Materials

Jindal Stainless Limited (JSL) Gains NCVET Recognition for Awarding Body Status

Jindal Stainless Limited (JSL) secures recognition from NCVET as an Awarding Body, enhancing its role in developing industry-led qualifications.

Manas shah, Analyst — IT & Software

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Jindal Stainless Limited JSL NCVET Recognition

Jindal Stainless Limited (JSL) has achieved a significant milestone by securing recognition from the National Council for Vocational Education and Training (NCVET) as an Awarding Body. This recognition strengthens JSL’s role in developing industry-led qualifications and building a skilled talent pipeline for the stainless steel ecosystem.

Significance of NCVET Recognition

The signing of the Memorandum of Understanding (MoU) was attended by key officials including Chairperson, NCVET and Secretary, Ministry of Skill Development and Entrepreneurship, Government of India, Ms Debashree Mukherjee. As an Awarding Body, JSL will be eligible to award, assess, and certify learners for approved qualifications where training is directly imparted through campuses or training centers owned or fully managed by the organization.

First Qualification Developed

NCVET has approved the first qualification developed by JSL – “Stainless Steel Decorative Pipe & Tube Manufacturing Operator” under Capital Goods sector at NSQF Level 4. This marks an important step in giving industry a stronger role in shaping and recognizing the capabilities that India’s stainless steel sector will need.

Future Prospects

With the NCVET recognition, JSL can build on its foundation by developing qualifications and certification programs that reflect the practical requirements of stainless steel manufacturing, processing, fabrication, and applications. This move is part of JSL’s efforts to address workforce readiness gaps among fabricators, workers, employers, and students through an industry-led approach.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Jindal Stainless Limited

Jindal Stainless Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

JSL
Basic Materials › Steel
74
Fundamental
68
Technical
71
Overall

1W -0.68%
1M +0.93%
3M +7.79%
P/E: 19.1 Cap: Large
AI-Powered Analysis • TradeAlone
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Jindal posts a 4.0% three-month gain, but softens in the last few weeks. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gives back 2.6% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.

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