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CARE maintains fundamental grade of ‘3/5’ to Sarda Energy & Minerals

15 Jan 2014 Evaluate

Credit rating agency, CARE Equity Research has maintained a fundamental grade of ‘3/5’ for the equity shares of Sarda Energy & Minerals (SEML), indicating ‘Good Fundamentals’.

Sarda Energy & Minerals is a midsized, integrated steel and ferro alloys producer with diversification plans into power and natural resources. The company is primarily engaged in the manufacturing and selling of pellets, sponge iron, steel billets, wire rods and ferro alloys from its plant located at Raipur, Chhattisgarh.

Peers
Company Name CMP
JSW Steel 1173.00
Tata Steel 173.20
Steel Authority 170.70
Jindal Stainless 715.35
APL Apollo Tubes 2157.50
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