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S.A.L. Steel Limited
Share Price Target & Analysis

NSE:SALSTEEL

24.09

VWAP

24.74

Open

24.16

Close

24.79

High

23.71

Low

31.18

52 Week High

24.04 ⇩
-0.12 (-0.5%)

SALSTEEL

(Miscellaneous)
49.1% Momentum

Turnaround Potential

17.15

52 Week Low

0.05

EPS

42.6

PE

4.86

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: SALSTEEL Share Price Financial Analysis & Valuation

S.A.L. Steel Limited (SALSTEEL) is broadly categorized in Miscellaneous segment industry which deals in Steel - Medium & Small vertical. It is one of Micro Cap company with Market Capitalization of Rs 97.3 (in Cr). Total number of free float shares are 8.5 (in Lacs). S.A.L. Steel Limited is listed on NSE with Exchange ID - INE658G01014 and trading code is NSE:SALSTEEL with short name SAL Steel.

In the past 1 year, S.A.L. Steel Limited has declared an equity dividend of Rs 0 per share. At the current share price of SALSTEEL at Rs 24.04, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:SALSTEEL, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine SALSTEEL underlying value and future prospects. All of this data is available in SALSTEEL financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:SALSTEEL, it is clearly understood that SALSTEEL is Economical performer in terms of earnings and profit margins with an EPS of 0.05. NSE:SALSTEEL book value per share as of today is 4.95. The current price to book ratio for SALSTEEL as of Nov 23, 2024 is 4.86.

Valuation of the Stock: The current valuation of SALSTEEL stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of SALSTEEL whether to BUY this stock at current valuation. The delivery percentage of SALSTEEL is 60.18% is very crucial parameter which shows that 60.18% investors are anticipating that the price of SALSTEEL share should go up with VWAP at 24.09.

Now, the main question is whether to BUY or SELL, NSE:SALSTEEL at current valuation.
As per latest Analysis No. #7751:-

⇑ STRONG BUY SALSTEEL if All Greens

⇗ BUY SALSTEEL (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD SALSTEEL (With Stop Loss) if only 1 Green

⇘ SELL SALSTEEL if NO Green Indicator

NSE: SALSTEEL Share Price Today (Nov 23, 2024)

(S.A.L. Steel Limited Daily Analysis on the basis of SALSTEEL Intraday Graph & Trend)

S.A.L. Steel Limited share price moved Down by -0.5% from its previous close of Rs 24.16. SALSTEEL stock last traded price is 24.04. SALSTEEL share price trend is Down with a total of 69635 stocks traded till now. It has touched an intraday high of Rs 24.79 and an intraday low of Rs 23.71. The SALSTEEL trading at 24.04, Down by Rs. -0.12, or -0.5 percent which suggests that most of the Traders are anticipating that the price of SALSTEEL share should go Down.

NSE: SALSTEEL Share Price Tomorrow Prediction

(S.A.L. Steel Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of SALSTEEL)

S.A.L. Steel Limited share price moved Down by -0.5%. SALSTEEL share price short term trend is Down. It suggests that SALSTEEL Share Price for Tomorrow remains the same with VWAP at 24.09 will be treated as stop loss for intraday traders. S.A.L. Steel Limited Long term investors can follow the SALSTEEL long term trend as mentiond in future forecast table.

NSE Code

NSE: SALSTEEL

SALSTEEL Share Price Today

 24.04

SALSTEEL Share Price Target Prediction for 2024 ^

 18 - 25.7

SALSTEEL Share Price Target Prediction for 2025*^

 25.7 - 26.7

SALSTEEL Share Price Target Prediction for 2026*^

 26.7 - 28

SALSTEEL Share Price Target Prediction for 2027*^

 29

SALSTEEL Share Price Target Prediction for 2028*^

 30

SALSTEEL Share Price Target Prediction for 2030*^

 32
SALSTEEL Current Book Value 2023
4.9

*S.A.L. Steel Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^SALSTEEL share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

SALSTEEL Technical Analysis

Candlestick Pattern: @24.39

SALSTEEL Moving Averages

BUY (3) NEUTRAL (0) SELL (11)
MA Simple Action S1 Expo Action E2
MA_5 25.46 SELL 25.2 SELL
MA_12 25.88 SELL 25.74 SELL
MA_20 25.75 SELL 25.88 SELL
MA_32 26.39 SELL 25.86 SELL
MA_50 26.49 SELL 25.55 SELL
MA_100 24.06 BUY 24.62 SELL
MA_200 22.68 BUY 22.86 BUY

SALSTEEL Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 25.75 Downtrend
MACD -0.17 SELL
ADX 20.58 NO or Weak Trend
DMI (+/-) 14.37 / 22.07 Downtrend

SALSTEEL Momentum Oscillators

BUY (0) NEUTRAL (5) SELL (7)
Momentum Oscillators Value Action
RSI 41.58 Neutral
STOCHASTIC_K (Fast) 7.25 Oversold
STOCHASTIC_D (Slow) 5.53 Oversold
CCI -96.03 Neutral
PSAR 29.12 SELL
TRUE RANGE 1.35 Neutral
ATR 1.69 Neutral
WILLIAMS R -88.81 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 14.35 Oversold
STOCHASTIC RSI D 4.78 Oversold
MOMENTUM -1.54 SELL

SALSTEEL Last 1 Year Trend

Duration Value
1 Year 55.85%
3 Months 30.15%
1 Month -5.94%
1 Week -12.83%

SALSTEEL Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 10%
NEUTRAL / HOLD 20%
SELL 70%

Most popular Questions & Answers about SALSTEEL


S.A.L. Steel Limited stock last traded price is 24.04. SALSTEEL share price moved Down by -0.5% from its previous close of Rs 24.16.

S.A.L. Steel Limited share price trend is Down with a total of 69635 stocks traded till now. It has touched an intraday high of Rs 31.4918 and an intraday low of Rs 23.71. The SALSTEEL trading at 24.04, Down by Rs. -0.12, or -0.5 percent which suggests that most of the Traders are anticipating that the price of SALSTEEL share should go Down and the Stop Loss will be around 24.09.

The market cap of S.A.L. Steel Limited is ₹97.3 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for S.A.L. Steel Limited as of Nov 22, 2024 is 42.6.

The current price to book ratio for S.A.L. Steel Limited as of Nov 22, 2024 is 4.86.

The highest price of S.A.L. Steel Limited stock is ₹31.18 in the last 52-week.

The lowest price of S.A.L. Steel Limited stock is ₹17.15 in the last 52-week.

S.A.L. Steel Limited share trading at ₹24.04, Down by Rs. -0.12, or -0.5 percent which suggests that most of the traders are anticipating that the price of SALSTEEL share should go Down.

In 2023, Stock price target for S.A.L. Steel Limited (SALSTEEL) are ₹18 on downside and ₹25.7 on upside. S.A.L. Steel Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for S.A.L. Steel Limited (SALSTEEL) are ₹25.7 on downside and ₹26.7 on upside. S.A.L. Steel Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for S.A.L. Steel Limited (SALSTEEL) are ₹26.7 on downside and ₹28 on upside. S.A.L. Steel Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for S.A.L. Steel Limited (SALSTEEL) will be around ₹30 S.A.L. Steel Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of SALSTEEL.

The price of S.A.L. Steel Limited (SALSTEEL) shares moved by -0.5%. The short-term trend for SALSTEEL share price is Down. It implies that the share price of SALSTEEL will stay the same tomorrow and that intraday traders should treat VWAP at 24.09 as a stop loss. Investors with a long-term outlook can track SALSTEEL long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of SALSTEEL stock is 0.6. Compared to the current market price of 24.04 INR, the SALSTEEL stock is Overvalued by 97.5%.

As per the fundamental analysis of S.A.L. Steel Limited (SALSTEEL), it is of Economical quality in terms of earnings and profit margins with an EPS of 0.05. S.A.L. Steel Limited book value per share as of today is 4.95. The current price to book ratio for SALSTEEL as of Nov 23, 2024 is 4.86.


NSE:SALSTEEL News & Other Useful Information about SALSTEEL Share Price


Peer Comparison of NSE: SALSTEEL

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Steel - Medium & Small

Company Price EPS BV
SBCL 567.35 13.33 56.93
JSL 671.55 29.43 166.26
INCREDIBLE 51.62 1.65 28.36
USHAMART 392.90 9.83 43.31
TIIL 2496.10 90.34 594.02
MUKANDLTD 131.08 6.84 65.49
LSIL 65.98 0.84 3.55
VSSL 262.45 13.07 88.27
RAMASTEEL 11.97 0.12 1.88
KAMDHENU 462.75 21.35 85.87
Updated at: 22 Nov 2024 15:59

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