SAIL shares jump 6% despite ‘Sell’ calls from UBS and Citi — Here’s why

SAIL’s June quarter Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 50% to ₹4,152.6 crore, ahead of the poll estimate of ₹4,010 crore, while EBITDA margin expanded to 15.82% from 10.68% a year earlier and exceeded the expected 15.28%.