BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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.'s current quarter was impacted by several factors, seasonal and non-seasonal, resulting in lower-than-anticipated demand.
The correction in international steel prices has been the key reason for poor demand as buyers have deferred purchases. Most of the buyers are waiting sideways and ordering only on an absolute requirement basis; no restocking demand is observed.
The resurgence of Covid-19 in the form of the Omicron variant is bringing back memories of the disruption witnessed during the Delta variant.
SAIL is unlikely to embark on a big bang capex – which the company had initiated in FY10, as a result of which it was saddled with debt and had challenges commissioning its plants in various locations.
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