Motilal Oswal is bearish on SAIL has recommended sell rating on the stock with a target price of Rs 28 in its research report dated February 09, 2017.
Motilal Oswal's research report on SAIL
We expect EBITDA margin to improve to INR 40/3,290 per ton in FY18/FY19 (FY17E loss of INR 177) on volume leverage and higher steel prices. However, burden of interest and depreciation would mean SAIL will continue to report losses. Sell.
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