If you want to make good profit in a single trading session, buy ‘SAIL’ stock and see the difference.

It is better for investors to purchase the stock around Rs 41 to attain a target between Rs 294-304. The stop loss is at Rs 278.

Yesterday, the stock closed at Rs 284.90, up 8.5% on BSE. The 52-week high of the stock was Rs 287.5. The stock is expected to move up today on back on huge volumes and should touch another yearly high.

Steel Authority of India (SAIL) has augmented twofold its investment in its corporate plan-2012 that was conceived three years ago.

S K Roongta, chairman, SAIL said that the plan was not just about raising capacitance but also included technology upgradation and plant sustenance.

The investment will be collected through a mix of debt and equity in the ratio of 1:1, Roongta said.
 
The company is also scouting for coal resources in Australia, Canada, Russia and Mozambique. It has formed an special purpose vehicle with five public sector units (PSU) in this regard.

The company is also analyzing alternatives for a possible coalition with ArcelorMittal.