Technical analyst Salil Sharma has maintained 'sell' rating on Steel Authority of India Limited (SAIL) stock with a target of Rs 185.

According to analyst, the investors can sell the stock with a stop loss of Rs 194.

Today, the stock of the company opened at Rs 191 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 258.55 and a low of Rs 180 on BSE.

Current EPS & P/E ratio stood at 14.59 and 12.68 respectively.

Steel Authority of India (SAIL) has inked a collaborative deal with CBMM Technology Suisse SA, based in Geneva, Switzerland.

Country's second biggest steel firm SAIL registered a fall of 34.34% in its net profit, which stood at Rs 1,090 crore for the quarter ended September 2010.

It had a net profit of Rs 1,660 crore during the corresponding period of last year.

The company's net sales grew by 6.63% to Rs 10,603 crore as compared to Rs 9,944 crore (YoY).

Company's EBIDTA dropped at 15.68% as against 23.8% (YoY) and 20.18% (QoQ) while anticipation was at 17%.

Numbers were lower than projections; CNBC-TV18 anticipated net profit at Rs 1295.44 crore and net sales at Rs 10694.51 crore.