Sail

Hi everybody,
I'm new to this board. I have bought few shares in SAIL at 67. I'm scared about the stock's trend in the past 2 days. I'm basically aiming for a short term and my target is 72-75. Will it bounce back to this level in short term

Dear Khirthika,

SAIL----the big, major steel giant.....but sadly, it did not do very well in recent past...people bought it at 50 and waited waited waited..sold it and came out.people purchased it at 55..same stories repeated...many of my friends came out in losses....all of a sudden it zoomed above 60 and seems to consolidate there now.....i do not think this stock would give you something in short term..this was always a long term..anyway, you purchased at the higher side....

Steel is not so strong this year....

Still, please consider some advise from seniors, as I've given you my view, and i'm also not much strong in stocks

ganeshhity

That's a sad news for me.

I think cement sector is doing good now. Where can I get the analysis of the stocks sector wise

hi,

just keep on surfing

traderji.com
icicidirect.com
hdfcsec.com
moneycontrol.com
moneypore.com
yahoofinanceindia


thanks

sharv

Khirthika,
That's a very high target. Not in the short term. The cost of inputs have been rising along with the coal prices which are used in the manufacture of steel. China has become net exporter of steel and there has been quite a few new greenfield projects which adds to the already existing capacity. Recently some of the major steel producers of the world had to cut their production in order to keep the prices stable.
Check out the analysis reports of SAIL in http://www.dreamgains.com/reports.html .
The only reason for the rise in SAIL was that it had acquired company which had mines. This made SAIL one of the lowest cost producer in the world. But this has already been factored in the price.

Keep a stop loss and check out more analysis report.

I hope you are still invested in SAIL and didn't bail out...