BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Steel Authority of India Ltd. remains exposed to any industry downturn given its high fixed cost structure despite showing improvement in the last quarter result, according to Motilal Oswal Financial Services.
The brokerage house maintains its estimates and 'Neutral' rating for financial year 2021-2022 on the stock. It however said leverage remains elevated at approximately 9 times net debt-to-Ebitda, which is a key concern.
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