Name: Latest research reports of Steel Authority of India (SAIL) Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Steel Authority of India (SAIL) Ltd.
Rating: 3
Author: IDBI Capital

Steel Authority of India (SAIL) Ltd.

30 Oct 2025, 12:00AM

136.85

-0.15%

Steel Authority of India: Q2FY26 Result Review

Hold: Steel Authority of India (...

Target

IDBI Capital

SAIL's Q2FY26 performance was above our expectations. Revenue increased by 3% QoQ to Rs267 bn, driven by an 8% QoQ increase in volumes. This includes 0.30 mnT traded volumes from NMDC steel, contributing Rs 15bn to the topline. NSR decreased by 5% QoQ to Rs54,387/t, impacted by a fall in steel prices, though Rs 11.4bn was earned from sale of scraps and byproducts. Consequently, EBITDA declined 9% QoQ to 25bn, with EBITDA/tonne declining by 15% QoQ to Rs 5,114/t, primarily due to loss in volumes owing to repair works. Management indicated IISCO plant expansion of 4.5mnT will begin in FY27, with an estimated...

Steel Authority of I.. has an average target of 126.83 from 6 brokers.

Varun Beverages Ltd.

30 Oct 2025, 12:00AM

469.65

-3.21%

Result Update:Varun Beverages

Buy: Varun Beverages Ltd.

Target

Axis Direct

With a 14% upside potential from the CMP, we maintain our BUY rating on the stock.

Varun Beverages Ltd. is trading below its 100 day SMA of 474.8

Coal India Ltd.

30 Oct 2025, 12:00AM

388.65

0.25%

Result Update:Coal India

Hold: Coal India Ltd.

Axis Direct

We maintain our HOLD rating.

Number of FII/FPI investors decreased from 687 to 672 in Sep 2025 qtr

APL Apollo Tubes Ltd.

30 Oct 2025, 12:00AM

1791.50

0.39%

Result Update:APL Apollo Tubes

Buy: APL Apollo Tubes Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock.

APL Apollo Tubes Ltd. is trading at high day volume of 1.0M.

NLC India Ltd.

30 Oct 2025, 12:00AM

262.30

-0.61%

Result Update:NLC India

Buy: NLC India Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

NLC India Ltd. is trading above its 200 day SMA of 237.6

Happiest Minds Technologies Ltd.

30 Oct 2025, 12:00AM

515.55

-1.11%

Result Update:Happiest Minds

Buy: Happiest Minds Technologie...

Axis Direct

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, it is expected to continue reporting healthy growth in the coming quarters. Consequently, we maintain our BUY rating on the stock.

Happiest Minds Techn.. has an average target of 590.67 from 3 brokers.

Mold-Tek Packaging Ltd.

30 Oct 2025, 12:00AM

695.80

-2.71%

Result Update:Mold-Tek Pack.

Buy: Mold-Tek Packaging Ltd.

Axis Direct

We maintain our BUY rating on the stock.

Mold-Tek Packaging Ltd. is trading above its 200 day SMA of 643.8

Federal Bank Ltd.

30 Oct 2025, 12:00AM

236.61

0.77%

Company Update:Federal Bank

Buy: Federal Bank Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock.

Federal Bank Ltd. has an average target of 239.12 from 13 brokers.

Heidelberg Cement India Ltd.

30 Oct 2025, 12:00AM

196.46

-0.95%

Result Update:Heidelberg Cem.

Hold: Heidelberg Cement India Ltd.

Recommendation Target

Axis Direct

We change our rating from SELL to HOLD

Number of FII/FPI investors decreased from 88 to 74 in Sep 2025 qtr

World Economy and Markets

TREND | 30 Oct 2025, 12:00AM

Daily Fundamental View:October 30, 2025

World Economy and Markets

Axis Direct

Asian markets are trading mixed, after U.S. Federal Reserve Chair Jerome Powell signalled doubt on another rate cut in December. Nikkei and Shanghai are trading lower by 0.31% and 0.05%, respectively, while Hang Seng is trading higher by 0.60%.

Axis Direct released a Daily Note report for World Economy and Markets on 30 Oct, 2025.