In short, you should hold SAIL stock in the current market situation!
Reason why? You should hold the SAIL Stock!
1. SAIL’s Current Price Is Less Than Its Intrinsic Value
We all know that it is always considered a good purchase when a stock is trading at less than its intrinsic value.
2. Many Experts Claim Target Price Of ₹200
Many stock markets expert had recommended a strong buying in SAIL stock at the current market price (CMP).
Specifically, below ₹100 will be considered the best buying zone.
3. Significant Amount Of Dividend Received
On 28 March 2022, the company announced an Interim Dividend of ₹2.5/share.
And if we see the dividend history, SAIL had never disappointed us in terms of dividends.
So for now it is clear that if you hold this stock for the long term a good amount of dividend is one thing that you will always receive.
4. No Red Flags On Sail Stock
It is always considered good if the stock is not on ASM/GSM list.
And same goes with the SAIL stock, at this time the stock is not on any of those lists. And also there is not a lot of promoter holding is pledged.
So now we can be more comfortable investing in this stock.
5. Good Financial Statement
There are a few points to consider when analyzing the financial statement.
In FY 2021, Total Revenue, EBITDA, and Net Income all are constantly increasing in an upward direction in comparison to FY 2018.
Revenue growth is higher than the industry average, Over the last 5 years, SAIL’s revenue yearly growth rate is 12.49%, whereas the industry average is 8.78%.
SAIL faces increasing market share at a constant speed, Over the last 5 years, market share increased from 11.5% to 13.88%
Related Post: SAIL Share Price Target 2022 – SAIL Stock Prices
Conclusion:
The SAIL stock is in a buying zone, if you are willing to invest your money in any metal stock you can consider this one.
And there is a plus point for the sail stock, Rakesh Jhunjhunwala holds 1.09 percent of the company.
Here are some points to remember:
- SAIL’s Current Price Is Less Than Its Intrinsic Value
- Many Experts Claim Target Price Of ₹200
- Significant Amount Of Dividend Received
- No Red Flags On Sail Stock
- Good Financial Statement
