ICICI Securities has a ‘Sell’ rating on SAIL with a price target of Rs 99 as it is of the opinion that the largest MTM earnings drop for SAIL.
Many stocks in the sector are trading at their lifetime highs with valuations touching 2 times of book value
The rally indicates that an investment of Rs 25,000 in March last year would have now fetched Rs 1,36,984
Metal stocks were trading in green, with the S&P BSE Metal index increasing 287.37 points or 1.84% at 15930.71 at 09:49 IST.