SAIL OFS - Anil Singhvi picks it as Stock of the Day, says BUY | From floor, discount, subscription to outlook, know strategy here
Stocks To Buy With Ani Singhvi – SAIL: Zee Business Managing Editor Anil Singhvi has recommended buying SAIL (Steel Authority of India Limited) stocks. The Market Guru said that investors should put their money in the Offer For Sale (OFS) which is opening today. The outlook for this stock remains strong
Stocks To Buy With Ani Singhvi – SAIL: Zee Business Managing Editor Anil Singhvi has recommended buying SAIL (Steel Authority of India Limited) stocks. The Market Guru said that investors should put their money in the Offer For Sale (OFS) which is opening today. The outlook for this stock remains strong.
Why to invest in SAIL OFS: The Managing Editor said that SAIL stock is available at a good discount. The SAIL OFS floor price is Rs 64. He said that the exact price will be known later though there were news which said that the clearing price was around RS 65.60.
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He advised investors to put the money in SAIL stock whatever is the price – Rs 65 or Rs 66. He said that the floor price is very good. SAIL OFS has received tremendous response from the institutional investors and the subscription is over 4 times now which is very good for a PSU.
He said that from an EBIDTA of Rs 5000/tn one can imagine what the results will be. SAIL stock is perfect to earn bumper returns, the Market Guru added. The results are expected to be strong this time too, Singhvi said.
The prices are only on the upward trajectory so the growth outlook is strong. The institutional book has turned out to be very good and the pricing is also attractive as it is available at a discounted price.
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It has also come out of the ban from the trade in futures and options market. So, there is an opportunity even for the F and O trader. So, the investors and traders both should buy SAIL counter, Singhvi opined.
Though there are good chances that SAIL stock would see an uptick in the price today itself, it may or may not happen. If the price does not rise today, one should hold on to this stock for 3-4 days, he advised. He said that SAIL stock has the potential to reach the price around Rs 70- Rs 72.
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