Stock to be sold: If you have two government companies National Aluminum Company Limited (NALCO) and Steel Authority of India Limited (SAIL) in your portfolio, sell them immediately and exit. We are not saying this but local brokerage company Prabhudas Leeladhar has said this in his note.
The brokerage has NALCO with a sell rating of Rs. 141 has been given a target, which is Rs. 185.40 is about 23 percent lower. If Prabhudas Leeladhar’s note is to be believed, the stock will trade at around Rs. 44 may be damaged. Let us tell you that Nalco is a Navaratna company. It was established on January 7, 1981 in Bhubaneswar. The company is a category ‘A’ public sector enterprise with integrated and diversified operations in mining, metals and power.
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Looking at Nalco’s share price history, it has fallen more than 7 percent in the last one month. However, it has also given positive returns of over 34 percent in the last 3 months. Its one year return is 117%.
This stock will be divided into 5 parts, there is a rush to buy the shares, the price crosses ₹1600
If we talk about other market experts opinion about Nalco, out of 9 2 have given strong buy advice, 1 have given buy advice, 3 have given hold advice. Whereas, two analysts have recommended a strong sell and one has a sell recommendation.
Experts are bearish on SAIL
On the other hand, if we talk about SAIL, the stock is up 1.50% today at 9:30 AM to Rs. Was trading around 152. Prabhudas Leeladhar has a sell rating with a target price of Rs. 127, which is about 16 percent lower than the current rate. Let us tell you that SAIL manufactures both basic and specialty steel for domestic construction, engineering, power, railway, automotive and security industries and for sale in the export market.
Experts are bearish on shares of this state-owned company, which has returned more than 76% in the past one year. 15 out of 23 have advised to sell the cell. 11 of them are recommending a strong sell. Apart from this 7 people have advised to hold and only one has advised to buy. SAIL’s 52-week high of Rs. 175.35 and a low of Rs. is 81.80. It has fallen by around 13 percent in the last one month.
(Disclaimer: Recommendations, suggestions, views and opinions of experts are their own and not those of Live Hindustan. Investing in stock market is subject to risks and please consult your advisor before investing.)