Steel Authority of India (SAIL) is currently trading at Rs. 95.80, up by 2.70 points or 2.90% from its previous closing of Rs. 93.10 on the BSE.
The scrip opened at Rs. 92.90 and has touched a high and low of Rs. 95.95 and Rs. 92.90 respectively. So far 705632 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.90 on 09-Jun-2014 and a 52 week low of Rs. 37.65 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 100.85 and Rs. 92.00 respectively. The current market cap of the company is Rs. 39487.82 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.79% and 3.20% respectively.
SAIL, as part of International Coal Ventures (ICVL), reportedly is looking to buy coking coal assets overseas, with an intension of strengthening its raw material security in anticipation of bullish demand for steel in the country. The company, for this, is in advanced stage of talks and has already submitted the bids for the coal asset.
ICVL is a special purpose vehicle set up to make steel public sector undertakings self-reliant in the area of coking coal. Further, the company plans to outsource mining at two big iron mines -- Rowghat (14 million tonne capacity) in Chhattisgarh and Chiria (15 million tonne capacity) in Jharkhand, and will be inviting tenders by mid-July.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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