Stock market analysts have maintained ‘Buy’ rating on SAIL to achieve an intraday target of Rs 415.

According to them, interested traders can buy the stock around Rs 151 with a strict stop loss of Rs 365.

The stock of the company on Thursday (June 18) closed at Rs 389 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 67.73 and 6.01 respectively. The share price has seen a 52-week high of Rs 860.86 and a low of Rs 146.35 on BSE.

If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 418.
 
Tata Steel Ltd, on June 16, has declared that a meeting of the company’s directors will be held on June 25, 2009, in order to consider the audited standalone financial results and audited consolidated financial results for the twelve monthly period ended March 31, 2009 and declaration of dividend, if any.

Tata Steel, on June 7, inked a memorandum of understanding (MoU) with the Jharkhand government for a second industrial training centre (ITC) at Tamar, 60 km near Ranchi.

Previously, the company, as part of its 12 million tonne per annum (mtpa) greenfield steel project at Tontaposhi in the adjoining Seraikela-Kharswan region, kicked off an industrial training centre with support of the local administration.

Mr. Kapil Deo Tiwary, director, department of labour, employment & training and Avinash Prasad, chief resident executive, Tata Steel signed the memorandum of understanding at Ranchi’s Nepal House by state representative in front of development commissioner Sushil Kr Choudhary.

Tata Steel, on June 6, said that it posted a growth of 18% in its May`09 steel sales from its domestic operations.

The company posted sales of 469,000 tons as compared to 397,000 tons during the same period of the last year (May 2008).

In a statement, the company said that sales of long products, utilized in construction, increased 34% in May 2009, whereas flat products, used in auto and consumer durables industries surged 9%.

Besides, Tata Steel announced that its production figures for hot metal, crude steel and saleable steel during May 2009 stood at 528,000 tons (up 19%), 486,000 (surged 17%) and 501,000 (increased 23%) respectively.