Is SAL Steel a good buy based on its current stock performance?
Answered on : 2024-01-23
Sources
Answer
1. **Recommendation:** SAL Steel is currently recommended as a "Strong Buy" for both long-term and short-term investments, with specific stop-loss levels provided[1].
2. **Recent Stock Price:** As of January 23, 2024, the SAL Steel Ltd share price closed at ₹24.35[1].
3. **Historical Performance:** The past 10 years' financial track record analysis indicates that SAL Steel Ltd is considered below average, according to Moneyworks4Me[4].
4. **Intrinsic Value Analysis:** As of January 12, 2024, SAL Steel is considered overvalued based on intrinsic value estimates[6].
5. **Return on Capital Employed (ROCE):** SAL Steel's ROCE is reported at 7.9%, which is lower than the industry average of 14%[7].
6. **Stock Forecast:** WalletInvestor suggests that SAL Steel Ltd could be a profitable investment option[8].
Considering the mixed recommendations and performance indicators, potential investors should conduct thorough research and consider their risk tolerance before making investment decisions.
**References:**
- [1]: SALSTEEL SHARE Price Target
- [4]: MoneyWorks4Me - SAL Steel Ltd
- [6]: Smart Investing - SAL STEEL Intrinsic Value
- [7]: Simply Wall St - S.A.L. Steel ROCE
- [8]: WalletInvestor - SAL Steel Stock Forecast
Related
· Ask and AnswerGlarity
Don’t worry, a human is here to help you!