Rakesh Jhunjhunwala’s stock rises after dividend declaration Do you have?

According to stock market experts, after the sanctions on Russia, SAIL may get a business opportunity in the Middle East region. They said that Rakesh Jhunjhunwala Portfolio Stock is available at attractive valuation as it may go up 144 each level over the next two quarters. He advised the positional investors to add this PSU stock to their portfolio even after the increase in the stock price after the declaration of dividend.

Speaking on the reasons behind the rally in SAIL shares; Manoj Dalmiya, Founder and Director, Proficient Equities Ltd. said, “After the ban on Russia, SAIL has got better business leverage in the Middle East and other regions where Russia is a major contributor. Compared to its peers, SAIL shares here Available at an attractive valuation with a PE ratio of just 2.9. The company has a 5-year profit growth of 25 per cent while its 5-year CAGR growth is 12 per cent. Anyone can add this stock to their portfolio.

Advise positional investors to buy SAIL shares; Ravi Singhal, Vice Chairman, GCL Securities said, “SAIL share price is poised for a sharp jump. One can buy the stock by maintaining the stop loss at current levels. 88 each level target for 6 months 144 per share.”

SAIL Share Dividend Declaration

In the latest exchange communication, the Board of Directors of SAIL informed about the approval of the proposal for the second interim dividend, “This is in continuation of our even number of notices dated 12th March, 2022. The Board of Directors in its meeting held today i.e. 16th March , 2022, has, inter alia, approved the payment of a second interim dividend of Rs 2.50/- per equity share (25% on the paid-up equity share capital of the Company) for the financial year 2021-22.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.