ICICI Direct recommended hold rating on SAIL with a target price of Rs 60 in its research report dated February 13, 2017.
ICICI Direct's research report on SAIL
We value the stock at 6.5x and arrive at a target price of Rs 60. We have a HOLD recommendation on the stock. We remain cautious on the cost side pressure at the EBIDTA level, which are likely to persist over a short to medium term horizon.
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