SAL Steel said that it has entered into a supply agreement for 3 years with AIA Engineering (AIA) for supply of ferro chrome to AIA on non-exclusive basis.

SAL Steel to supply ferro chrome to AIA Engineering for 3 years

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To also provide inter-corporate deposit of Rs 125 cr to SAL Steel

AIA Engineering to source ferro chrome from SAL Steel

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Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

S.A.L. STEEL LIMITED is engaged in manufacturing sponge iron, ferro alloys, mild steel (MS) and stainless steel (SS) angle, and power. 

SAL Steel Ltd

SAL Steel Ltd

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News & Opinions

SAL Steel to supply ferro chrome to AIA Engineering for 3 years

Stocks that will see action on September 19, 2022

AIA Engineering to source ferro chrome from SAL Steel

Stocks that will see action on September 14, 2022