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Steel Authority of India

 

 

Buy Steel Authority of India shares

STEEL AUTHORITY OF INDIA (BOM: 500113) Shares

ABOUT STEEL AUTHORITY OF INDIA

Steel Authority of India Limited (BOM: 500113) is a steel-making company that is an Indian state-owned company operating in the public sector and was incorporated in 1974.

In 1973, with an authorized capital of Rs. 2000 Crore, Steel Authority of India Limited was responsible for the management of five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur along with the Alloy Steel Plant and the Salem Steel Plant.

1978 saw the restructuring of Steel Authority of India Limited as an operating company.

Today, there are approximately 71,021 employees forming Steel Authority of India Limited’s staff compliment and there is a global ambition towards undergoing a massive expansion and modernization program involving the upgrading and building of new facilities emphasizing state of the art green technology.

OVERVIEW OF STEEL AUTHORITY OF INDIA

  • Steel Authority of India Limited has a vast portfolio of operations spread across five steel plants and three special steel plants. Bhilai Steel Plant and Durgapur Steel Plant both produce products used in the railway sector while Bokaro Steel Plant is India’s first Swadeshi Steel Plant; designed to produce flat products such as Hot and Cold Rolled Coils, Plates and Sheets.

  • Rourkela Steel Plant was the first steel plant integrated in the public sector in India and the first to incorporate LD technology in steel making with its products ranging from various flat and tubular to coated products.

  • IISCO Steel Plant is a subsidiary of Steel Authority of India Limited and manufactures a range of products of which some hold exclusive market dominance. The Alloy Steels Plant in Durgapur is the world’s 2nd largest commercial iron nugget making plant, hosting a diverse portfolio of products used by sectors such as defense, railways, automobiles, power plants, heavy engineering and manufacturing industries.
  • The Chandrapur Ferroy Alloy Plant produces high, medium and low Carbon Ferro Manganese along with Silico Manganese, and the plant has emerged as a leader in ferroalloy technology with technological developments centralized in areas such as raw material preparation and substitution along with furnace operation, and ferroalloy casting and processing, only to name a few.

VISION & VALUES OF STEEL AUTHORITY OF INDIA

  • Steel Authority of India Limited is committed not only to being respected globally as a world class corporation and leader in steel businesses in India, but by building long-lasting relationships with customers, upholding ethical standards in conducting business along with creating and nurturing a culture supporting flexibility, learning and being proactive towards change.

  • The aim is to not only meet the needs of customers, but to ensure growth and added value to shareholders who purchase company shares.

MARKET PERFORMANCE OF STEEL AUTHORITY OF INDIA

  • Steel Authority of India Limited trades on the Bombay Stock Exchange (BSE) under the stock symbol BOM: 500113.

  • An analysis on the performance highlights for the second quarter of the Financial Year 2019-2020, indicated sales of Rs. 28,596 Crore with net sales of Rs. 13,951 Crore.
  • With sound financials and noticeable improvements in performance, shareholders who want to buy or sell company shares can be sure of lucrative dividends and returns.

LATEST NEWS STEEL AUTHORITY OF INDIA

Buy STEEL AUTHORITY OF INDIA stocks / shares – A Step by Step Guide how to Buy / Purchase STEEL AUTHORITY OF INDIA  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy STEEL AUTHORITY OF INDIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN STEEL AUTHORITY OF INDIA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE STEEL AUTHORITY OF INDIA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of STEEL AUTHORITY OF INDIA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy STEEL AUTHORITY OF INDIA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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