SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL soars on proposing to acquire Brahmani Steel in Andhra Pradesh

23 Mar 2012 Evaluate

SAIL is currently trading at Rs. 94.75, up by 1.00 point or 1.07% from its previous closing of Rs. 93.75 on the BSE.

The scrip opened at Rs. 94.45 and has touched a high and low of Rs. 95.65 and Rs. 93.00 respectively. So far 181232 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.30 on 06-Apr-2011 and a 52 week low of Rs. 73.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 99.50 and Rs. 92.90 respectively. The current market cap of the company is Rs. 38682.37 crore.

The promoters holding in the company stood at 85.82% while Institutions and Non-Institutions held 11.18% and 2.99% respectively.

State-owned Steel Authority of India (SAIL) is likely to acquire former Karnataka minister G Janardhan Reddy-promoted Brahmani Steel in Andhra Pradesh.  Brahmani Steel has 14,700 acres of land and iron ore mines to build a 2.5 million tonnes steel plant at Kadapa in Andhra Pradesh.

The company has registered its interest with Government of Andhra Pradesh in September, 2011 for acquisition of Brahmani Steel and associated mines or any other land bank with iron ore mines in Andhra Pradesh. It will decide the further process on receipt of response from Government of Andhra Pradesh. SAIL aimed at plant, which was proposed to be the first steel plant of such scale in the state, with investment of Rs 4,400 crore.

Recently, SAIL has hiked prices of both long and flat products for March, on rising demand. Though the increase is marginal, the prices of long products such as TMT bars have been hiked by Rs 500 to Rs 1,000 a tonne.

SAIL Share Price

166.90 -1.00 (-0.60%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 208.80
JSW Steel 1218.25
SAIL 166.90
Jindal Stainless 780.65
APL Apollo Tubes 2040.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×