New Delhi, Feb. 25 -- Shares of Steel Authority of India (SAIL) continued their winning momentum for the second straight session on Wednesday, February 25, gaining another 4.4% to Rs.167.20 apiece. The stock was last seen around these levels in June 2024.

Today's rally was triggered by a positive outlook from domestic brokerage firm Emkay Global, which lifted its target price on the stock to Rs.200 apiece from an earlier Rs.175, citing attractive valuations, near-term operational levers, and supportive pricing trends, CNBC TV-18 reported. Mint could not independently verify the report.

The brokerage expects the company's margins to stabilise, given ongoing inventory liquidation, an improving product mix, and gains from coal blending eff...