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Steel Authority of India
dividend of 31st AUG
Posted by :
Leave it.Tracked by: 1 Boarder
To abu303
Dear Sir,
The dates you mentioned are taken as 31st July(it can not be 31st. August as on date) The trading took place on 31-07-08 on Ex-dividend basis and the book closure for AGM is frm 2-8-08 to 20-08-08.
The AGM will pass the dividend and then pay the same.You can expect the credit of the dividend payment by ECS or warrant on or after 21-08-08.
Hope you got your points.
v.krishnamoorthy...
In reply to:
dividend of 31st AUG
Posted by :
abu303
I had 200 shares os SAIL till 31st aug. I sold them on 31st aug at 2PM. And its dividend was also due on that date. SO will i recieve the dividend or not???? 
dividend of 31st AUG
Posted by : jitendratomerTracked by: 1 Boarder
I have purchase 100 shares on 24th July, will I get devidend or not...
In reply to:
dividend of 31st AUG
Posted by : marketbear
you will get dividend as stock got ex-dividend on 31st July. Dont worry, check your bank account
Buy SAIL
Posted by : zoombusinessTracked by: 1 Boarder
steel authority looking good to Buy for gain
S and M...
dividend of 31st AUG
Posted by : marketbearTracked by: 1 Boarder
you will get dividend as stock got ex-dividend on 31st July. Dont worry, check your bank account...
In reply to:
dividend of 31st AUG
Posted by : abu303
I had 200 shares os SAIL till 31st aug. I sold them on 31st aug at 2PM. And its dividend was also due on that date. SO will i recieve the dividend or not????
dividend of 31st AUG
Posted by : abu303Tracked by: 1 Boarder
I had 200 shares os SAIL till 31st aug. I sold them on 31st aug at 2PM. And its dividend was also due on that date. SO will i recieve the dividend or not????...
Steel price hike looms large
Posted by : BullSheetRulesTracked by: 0 Boarder
Just for info.
--
Steel price hike looms large as moratorium nears end
Rate meter
3-month moratorium to hold prices ends on Aug 7.
Most pvt firms have hiked contractual prices in July.
SAIL, Tata Steel have maintained their prices.
Ambarish Mukherjee
New Delhi, July 31 The possibility of an imminent rise in steel prices looms large as the self-imposed moratorium to hold prices by the steel industry ends this week.
Most of the private sector companies have already increased their contractual prices in July, in certain cases even to the extent of Rs 10,000 a tonne. However, public sector Steel Authority of India Ltd (SAIL) and Tata Steel had maintained their prices, market sources said.
fund flow impact
According to estimates given by sources in SAIL, if it holds prices beyond the three-month moratorium, it will have an impact on the fund flow for the company’s long-term expansion plans.
“Earlier, we were getting coal at a tonne but from July, it is 0 a tonne and freight charge is also up by . So in rupee terms, the overall impact on account of coal only will be Rs 9,330 a tonne,” a SAIL official said.
Added to this, there would be around Rs 1,200-1,300 a tonne increase in the costs of limestone and dolomite procured domestically plus the cost increase in imported ferro alloys. Taken together, the impact will be close to Rs 12,000 a tonne, the official said.
A senior official in one of the major producers said that “though the three-month period promised by the steel industry to the Prime Minister for holding prices ends on August 7, there is pressure not to increase prices even after the moratorium ends.”
Market sources said that till Thursday afternoon, the companies have not communicated anything regarding next month’s prices.
GOVT RESTRAINS SAIL
The Minister for Steel, Mr Ram Vilas Paswan, on Thursday expressed the hope that the steel industry will not raise prices after August 7 in national interest. He said that SAIL has been asked not to hike prices and also urged other steel manufacturers to cooperate in the present situation.
...
to correct very sharply
Posted by : marketbearTracked by: 0 Boarder
Correction in sail will be very sharp next week as market may peak out at around 4500 which is final stop for the market. Today's rally is artificial rally giving no backing of any fundamental news. As the price freeze period ends for steel firms and government will not allow them to raise prices which will weigh on steel companies. Any talk of controling steel prices can drag on steel companies....
What to do with SAIL
Posted by : marketbearTracked by: 0 Boarder
If steel prices go up in international markets then it will be worrying factor for SAIL as it will be unable to raise prices because of govt. instructions. Lower target of 115-105 looks visible...
In reply to:
What to do with SAIL
Posted by : dijyya
Thanks Money Bhai. But I feel if SAIL Breaks 134 then it reach to 125-115-105 Level. It has to sustain above 152 for any meaningful upside.
Take profits
Posted by : marketbearTracked by: 0 Boarder
Traders can book profits in SAIL counter and go short as stock will not sustain at these levels. Stock will face government restrictions because of inflation and companies margins can come under severe pressure as international prices are going up. Lower target of 105 is possible for sail. So it is better to sell sail....
What to do with SAIL
Posted by : KARUNASTracked by: 0 Boarder
On every dip SAIL is a sure buy as the steel prices have to go up, it is just a matter time....
In reply to:
What to do with SAIL
Posted by : dijyya
Thanks Money Bhai. But I feel if SAIL Breaks 134 then it reach to 125-115-105 Level. It has to sustain above 152 for any meaningful upside.
Buy Steel Authority
Posted by : zoombusinessTracked by: 0 Boarder
Looking Cheap On Valuations Side And Technically Looking For 150+ Levels in Near Term Which Is Good 5-10%
-s and m...
www.multibaggerstockadvisor.blogspot.com
Posted by : bullishmanTracked by: 1 Boarder
Because of higher input costs and government's pressure not to further increase steel prices...
In reply to:
www.multibaggerstockadvisor.blogspot.com
Posted by : Guest
why sail has sailed its ship and stuck in the strom like titanic and almost the ship has drowned what to know why??????????
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 1 Boarder
why sail has sailed its ship and stuck in the strom like titanic and almost the ship has drowned what to know why??????????...
What to do with SAIL
Posted by : dijyyaTracked by: 0 Boarder
Thanks Money Bhai. But I feel if SAIL Breaks 134 then it reach to 125-115-105 Level. It has to sustain above 152 for any meaningful upside....
In reply to:
What to do with SAIL
Posted by : money Mani
don't worry, SAIL has very good fundamental. Next Target 150 end of this week.
SAILs Future
Posted by : GuestTracked by: 1 Boarder
What will be an approximate SAILS price in this year as compare to last year...
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