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State-owned steel maker firm Steel Authority of India (SAIL) on Friday reported its financial earnings for the first quarter of FY26.
For Q1FY26, the largest domestic steel producer PSU firm posted a net profit of Rs 744.58 crore, an increase from the Rs 81.78 crore profit recorded in the same quarter last year.
The company’s income also rose to Rs 26,083.90 crore during April–June 2025, compared to Rs 24,174.80 crore in the corresponding period of the previous fiscal. Now what should investors do with the PSU stock? Here's what analysts recommend:
Even with multifold performance in net profit, analysts at Morgan Stanley downgraded the share price target by almost 20 per cent, maintaining its stance at 'underweight.' The brokerage has revised the target to Rs 105, a 19.84 per cent decrease from Friday's (July 25) closing.
(This story will be updated shortly.)
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