Financial Insights

SAIL stake hiked again

SAIL, which was an outperformer from March 2020 to May 2021, has since dropped 18%. Last quarter, SAIL’s stock price dropped by 12%. However, the stock has gained 4.5 percent in October since the end of September. SAIL is expected to report a net profit of Rs 4,677 crore in the fiscal second quarter, up 21% from the previous three-month period, according to ICICI Direct analysts.

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