Religare Broking has filtered out 10 high dividend yielding stocks from the PSU space, with Steel Authority of India (SAIL), NMDC, and Indian Oil Corporation having a dividend yield of more than 10 per cent.

PSU stocks: SAIL, NMDC, IndianOil & Nalco a play on high dividend yields, brokerages say

Steel Authority of India Ltd is eyeing long-term coking coal contracts across Australia and Russia, while it plans to ramp up production and supply from its own mines in Mozambique, Africa.

SAIL eyes long-term coking coal contracts with Australia, Russia, US and Canada

Steel Authority of India Ltd (SAIL) on Wednesday said Amarendu Prakash on Wednesday assumed the charge as the company’s Chairman.

Amarendu Prakash takes over as SAIL chairman, succeeds Soma Mondal

Sharekhan recommended hold rating on Steel Authority of India with a target price of Rs 90 in its research report dated May 26, 2023.

Hold Steel Authority of India; target of Rs 90: Sharekhan

The Steel Authority of India (SAIL) has written to the Revenue Secretary, Sanjay Malhotra, seeking imposition of anti-subsidy duties or countervailing duties on Chinese stainless steel coming into India, to create and a “level playing field”

SAIL seeks imposition of countervailing duties on low-priced Chinese stainless steel imports

Steel Authority of India says it has achieved the best-ever annual production during FY23

SAIL Produces Record 18.28 MT Crude Steel; 19.40 MT Hot Metal in FY23

Prime Minister Narendra Modi on Sunday hailed the Steel Authority of India Limited (SAIL) for its best ever annual production in the 2022-23 fiscal, and said this shows that not only in steel, but also in every sector the country is moving fast towards self-reliance.

PM Modi hails SAIL for its best ever annual production in 2022-2023

Steel Authority of India (SAIL), the country’s biggest state-owned steel producer, said on Saturday it posted record high annual production in FY23.

India’s SAIL posts record steel production in 2022/23

IIT Madras will develop an Extended Reality (XR) - that encapsulates technologies like Augmented Reality (AR), Virtual Reality (VR) and Mixed Reality (MR) - Centre for Steel Authority of India Limited (SAIL).

IIT Madras to develop ‘Extended Reality’ centre for Steel Authority of India

Steel Authority of India Ltd (SAIL) – the largest state-run PSU steel maker – is witnessing a delay in ongoing projects worth ₹2,400 crore across its Bhilai, Rourkela, and Bokaro steel plants, even as the steel-maker is trying to renew lapsed lease licences of 13 non-commercial mines.

Nearly ₹2,400 crore of capex projects of SAIL delayed

SAIL Interim Dividend: Maharatna PSU stock Steel Authority of India Ltd (SAIL) has declared an interim dividend

SAIL Declares 10% Interim Dividend Per Share; Check Record Date and Other Key Details

Hasn't faired well - amongst the low performers

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

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Steel Authority of India Limited is engaged in the manufacturing of flat products, such as hot rolled coils, HR plates, cold rolled coils, pipes and electric sheets, long products, such as thermo mechanically treated bars and wire rods.