SAIL is stock pick of the week: Reasons why good times are coming for the PSU steelmaker

Despite the recent reduction in import duties of steel products, analysts remain bullish on Steel Authority of India (SAIL). Analysts are of the view that the high international steel prices will cushion the reduction in import duties. Domestic steel demand is also expected to go up in the coming years due to the government’s increased infrastructure thrust in the recent Budget, which in turn is expected to increase steel demand from the