India is the world’s third-largest steel producer and the growth in the steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labor. The steel sector has been a major contributor to India’s manufacturing output.
India is expected to become the world’s second largest producer of crude steel in the next 10 years. Huge scope for growth is seen as the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.
About SAIL – Steel Authority Of India Limited
Multibagger Jackpot Stock SAIL (Steel Authority of India Limited) is one of the largest steel producer and Maharatna company in India.
The Government of India holds around 75% of its equity shares. SAIL is the India’s second largest producer of iron ore and of having the country’s second largest mines network. Special steels were produced such as armor plate, grade steel, and many special grade alloys to meet vital and strategic needs of the country in areas of nuclear energy,
defense, and space.
Products Of Multibagger Jackpot Stock SAIL
SAIL manufactures Railway Products like Rails, Wheels, Axels and Wheel Sets.
Narrow Parallel Flange Beam
Bars, Rebars & Rods
Hot and Cold Rolled Products – Coils and Sheets
Plates and Galvanised Products
Peer Competitors and Market Cap
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From an investment perspective, you can expect more than 380% return from multibagger jackpot Stock SAIL. Currently this buzzing stock is trading at around Rs. 60/- and the downside risk is also low. It may touch 68 very soon. Don’t forget to keep Stop Loss at 55 and if it breaks it may test the level of 48 and 38 too. So, trail your Stop Loss once it starts moving upwards from 68.
SAIL has resistance level at 75, 90, 112, 150, 181, 200, 230, 255, and finally 290+. So, trail your Stop Loss and enjoy the fruits. This Maharatna company will give you 380% return. Just buy the stock and forget about it. Sit tight and let it grow.
If you like to know more about multibagger jackpot stock SAIL and stock market trading facts then you can comment below. Share this buzzing stock idea with your friends and make money online. Happy Investing!
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