Analysts see room for more gains in the stock on expectations of a tariff hike, higher average revenue per user (ARPU) – a measure of earnings generated from each user – and lower capex.
Axis Securities turns bullish on SAIL, upgrades to ‘buy’ with Rs 130 target
SAIL shares: The brokerage firm believes that SAIL is more sensitive to steel and coking coal prices. A Rs 1,000/t rise in Hot Rolled Coils