Motilal Oswal reveals SAIL price target; know top details here
Motilal Oswal, in its report, said that with limited capex and higher pricing, SAIL should drive significant deleveraging and boost equity value. Motilal Oswal estimates net debt to decline by Rs 232 bn (Rs 56/sh, 76% of CMP) over FY20-23E to Rs 305 bn
Motilal Oswal also expects higher dividend payouts going forward (implying 5% yield), supported by strong Free Cash Flow of Rs 19/sh (25% yield): Reuters