SAIL's Stock Call Remains 'Buy' Despite Recent Dip, Potential for Growth in Iron and Steel Industry

Steel Authority Of India . (SAIL) has been facing a tough time in the stock market recently, with a loss of -4.1% on February 9th. However, this should not discourage investors from considering this largecap company in the iron and steel industry.

According to MarketsMOJO, SAIL's stock call is 'Buy', indicating that there is still potential for growth and positive returns. While the stock has underperformed the sector by -2.86% today, it has been on a consecutive fall for the last 3 days with a -8.51% decline in returns. This could be a good opportunity for investors to buy at a lower price.

The stock touched an intraday low of Rs 132.7 (-4.6%), but it is still performing well in comparison to its moving averages. SAIL's stock is higher than the 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long term.

In the iron and steel sector, SAIL has fallen by -2.62%, which is in line with the overall performance of the sector. However, when compared to the Sensex, SAIL's 1 day performance is -3.88% while the Sensex has only seen a -0.01% change. This shows that SAIL's stock is still performing better than the overall market.

In the past month, SAIL's stock has seen a 17.02% increase, while the Sensex has only seen a 0.05% change. This further highlights the potential for growth and positive returns for investors in SAIL.

Despite the recent dip in SAIL's stock, the company has a strong presence in the iron and steel industry and has shown promising growth in the past month. With a 'Buy' call from MarketsMOJO, investors can consider adding SAIL to their portfolio for potential long term gains.