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Steel Authority Of India (SAIL.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 60 days.
In our view, SAIL stock may be penalized further, near term, as macroeconomic indicators worsen in the western world.
SAIL's project delays and high exposure to imported coking coal will likely remain in focus for some more time.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: In-Line
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Steel Authority Of India (SAIL.BO)
Research Tactical Idea
We believe the share price will fall relative to the country index over the next 60 days.
In our view, SAIL stock may be penalized further, near term, as macroeconomic indicators worsen in the western world.
SAIL's project delays and high exposure to imported coking coal will likely remain in focus for some more time.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Equal-weight
Industry View: In-Line
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