Steel Authority of India (SAIL) is currently trading at Rs. 48.30, up by 0.05 points or 0.10% from its previous closing of Rs. 48.25 on the BSE.
The scrip opened at Rs. 48.25 and has touched a high and low of Rs. 48.55 and Rs. 48.10 respectively. So far 80206 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.20 on 12-Oct-2015 and a 52 week low of Rs. 33.50 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 49.90 and Rs. 47.50 respectively. The current market cap of the company is Rs. 19909.13 crore.
The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 20.72% and 4.28% respectively.
SAIL, the country’s largest steel maker, is eyeing to raise up to Rs 5,000 crore through private placement and the proceeds will be utilized for modernization programmes, among others. The state-run firm will seeks shareholders’ nod for a special resolution at its Annual General Meeting (AGM) next month.
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.
