SAIL is currently trading at Rs. 94.75, up by 1.00 point or 1.07% from its previous closing of Rs. 93.75 on the BSE.
The scrip opened at Rs. 94.45 and has touched a high and low of Rs. 95.65 and Rs. 93.00 respectively. So far 181232 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.30 on 06-Apr-2011 and a 52 week low of Rs. 73.00 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 99.50 and Rs. 92.90 respectively. The current market cap of the company is Rs. 38682.37 crore.
The promoters holding in the company stood at 85.82% while Institutions and Non-Institutions held 11.18% and 2.99% respectively.
State-owned Steel Authority of India (SAIL) is likely to acquire former Karnataka minister G Janardhan Reddy-promoted Brahmani Steel in Andhra Pradesh. Brahmani Steel has 14,700 acres of land and iron ore mines to build a 2.5 million tonnes steel plant at Kadapa in Andhra Pradesh.
The company has registered its interest with Government of Andhra Pradesh in September, 2011 for acquisition of Brahmani Steel and associated mines or any other land bank with iron ore mines in Andhra Pradesh. It will decide the further process on receipt of response from Government of Andhra Pradesh. SAIL aimed at plant, which was proposed to be the first steel plant of such scale in the state, with investment of Rs 4,400 crore.
Recently, SAIL has hiked prices of both long and flat products for March, on rising demand. Though the increase is marginal, the prices of long products such as TMT bars have been hiked by Rs 500 to Rs 1,000 a tonne.
