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    Steel Authority of India LTD

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    Gururaj Av
    Steel Authority of India Ltd is an Indian steel manufacturing company headquartered in Kolkata. It produces various steel products including rails, structural steel, plates, and pipes and sells primarily to construction, engineering, power and other industries in India as well as exporting to over 20 countries. The company was founded in 1954 and manufactures and sells iron and steel products from its Ispat Bhawan location in Kolkata.

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    Steel Authority of India LTD

    Uploaded by

    Gururaj Av
    95 views3 pages
    Steel Authority of India Ltd is an Indian steel manufacturing company headquartered in Kolkata. It produces various steel products including rails, structural steel, plates, and pipes and sells primarily to construction, engineering, power and other industries in India as well as exporting to over 20 countries. The company was founded in 1954 and manufactures and sells iron and steel products from its Ispat Bhawan location in Kolkata.

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    Steel Authority of India Ltd

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    Steel Authority of India Ltd

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    Steel Authority of India Ltd is an Indian steel manufacturing company headquartered in Kolkata. It produces various steel products including rails, structural steel, plates, and pipes and sells primarily to construction, engineering, power and other industries in India as well as exporting to over 20 countries. The company was founded in 1954 and manufactures and sells iron and steel products from its Ispat Bhawan location in Kolkata.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    95 views3 pages

    Steel Authority of India LTD

    Uploaded by

    Gururaj Av
    Steel Authority of India Ltd is an Indian steel manufacturing company headquartered in Kolkata. It produces various steel products including rails, structural steel, plates, and pipes and sells primarily to construction, engineering, power and other industries in India as well as exporting to over 20 countries. The company was founded in 1954 and manufactures and sells iron and steel products from its Ispat Bhawan location in Kolkata.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Steel Authority Of India Ltd

    Profile
    Steel Authority Of India Ltd
    Ispat Bhawan
    40 Jawaharlal Nehru Road
    Kolkata, 700071
    India
    Phone: 91 33 2288 3810
    Fax: 91 33 2288 6183
    Website: http://www.sail.co.in

    Sector: Basic Materials


    Industry: Steel & Iron
    Business Summary
    Steel Authority of India Limited, a steel-making company, manufactures and sells iron and
    steel products to the construction, engineering, power, railway, automotive, and defense
    industries in India. The companys steel products include rails and crane rails, structurals,
    crossing sleepers, wire rods, and plates products; blooms, and NWS slabs and billets; and pig
    iron products, as well as coal chemicals and processed slag products. Its steel products also
    comprise HR coils/sheets/plates, CR coils/sheets, GP coils and sheets, and GC sheets;
    merchant products, skelps, wheels and axles, and semis products; and ERW pipes, electrolytic
    tin-plates, silicon steel sheets, and spiral weld pipes. In addition, the company offers beams,
    channels, angles, and bulb and Z bars; galvanized sheets; carbon and alloy constructional
    steels, case hardening steels, die blocks, creep resistant steels, spring steels, and Mn steels;
    austenitic, ferritic, martensitic, and low-nickel stainless steel products; special steel products;
    and carbon ferro manganese and silico manganese products. Further, it produces and sells
    magnesite, magnesite-chrome, chrome-magnesite, and magnesite-carbon bricks, as well as
    bulk and monolithics, dunite and dunite fractions, and ground calcined magnesite products.
    The company also exports its products primarily to Japan, China, Korea, Taiwan, Vietnam,
    the Philippines, Singapore, Malaysia, Thailand, Indonesia, Australia, Mexico, the U.K,

    Germany, France, Belgium, Italy, Spain, the Netherlands, Portugal, Sudan, Oman, the U.A.E,
    Myanmar, Bangladesh, Sri Lanka, and Nepal. Steel Authority of India Limited was founded
    in 1954 and is headquartered in Kolkata, India.

    Source: Yahoo Finance

    Closing price as on 16th Feb 2015 74.90

    EMA (200) 78.05

    52 week high 112.90

    EMA (50) 77.45

    52 week low 54.05

    Interpretation
    The primary trend of the stock i.e. the long term trend, indicated by the 200-day EMA
    is a slow moving uptrend and is flat towards the end.
    The medium term trend of the stock, indicated by 50-day EMA peaked at Rs. 89.54 on
    07th July 2014 and since then has seen a fall.
    The 50-day EMA crosses the 200-day EMA on 10 th February 2015 and the stock
    prices are below the crossing point which shows a bearish trend.
    A head and shoulder formation is seen in the chart from 20 th May 2014 to 9th July
    2014 wherein the price of the stock reaches all time high at Rs. 112.90 and then
    steadily slows down across the neckline of the formation indicating a trend reversal in
    the pattern.
    Hence the recommendation would be to SELL the stock.

    Indicators
    Rate of Change

    Source: Yahoo Finance

    The ROC line is below zero line indicating a selling signal.

    Moving Average Convergence and Divergence

    Source: Yahoo Finance

    The MACD line is below zero line resulting in negative histogram which again
    indicates a strong selling signal.

    Relative Strength Index (RSI)

    Source: Yahoo Finance

    The RSI line is above 30 and is observed rising which signifies a buying signal.
    Therefore with two of the above technical indicators indicating a strong SELL signal
    the recommendation is SELL.

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