| For one, there is a supply crunch in international steel markets, which forebear invariably result in steel exports gathering momentum. The heavy demand has been induced mainly by the increased construction and infrastructure projects in the Middle East, China and India. |
| In this scenario, the Indian steel companies are expected to witness bulk offtake atleast for the next three or four years. Sail, the country's biggest steel company, is also one of the biggest steel companies in the world in terms of manufacturing capacity. |
| The fully integrated iron and steel producer, manufactures both basic and special steel for construction industry, engineering, power, railway, automotive and defence sectors and sale in export markets. The company has four integrated steel plants in Bhilai, Durgapur, Rourkela and Bokaro. |
| "At the moment the scrip is undervalued. It definitely deserves higher multiples," said a steel analyst. The company had recently cleared all its corporate debt and is poised for a stronger performance. |
| The scrip was trading at Rs 65.05 at Thursday's closing hours. Another buzz on Dalal Street is that some foreign hedge funds, especially from the Asia Pacific region are looking to buy big into the scrip. |
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