Steel Authority of India is currently trading at Rs. 63.45, up by 0.40 points or 0.63% from its previous closing of Rs. 63.05 on the BSE.
The scrip opened at Rs. 63.65 and has touched a high and low of Rs. 63.65 and Rs. 62.95 respectively. So far 117418 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.55 on 07-Apr-2017 and a 52 week low of Rs. 44.25 on 29-Sep-2016.
Last one week high and low of the scrip stood at Rs. 64.50 and Rs. 61.15 respectively. The current market cap of the company is Rs. 26063.61 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 20.46% and 4.54% respectively.
Steel Authority of India (SAIL) has witnessed a growth of 7% in total sales at 5.5 million tonnes (MT) during the April-August 2017 period over the corresponding period last year. The sales growth was on account of ramping up of output, aggressive marketing and sale of new products.
During this period, domestic sales showed improvement in both long and flat products enabling the company to increase its market share to 14.6% from 13.4%. The PSU had recorded an 8% growth in total sales at 13.14 MT in FY 2016-17.
Steel Authority of India (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.
