Steel Authority of India is currently trading at Rs. 30.65, down by 0.55 points or 1.76 % from its previous closing of Rs. 31.20 on the BSE.
The scrip opened at Rs. 30.80 and has touched a high and low of Rs. 30.95 and Rs. 30.20 respectively. So far 297948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.30 on 31-Aug-2018 and a 52 week low of Rs. 29.50 on 23-Aug-2019.
Last one week high and low of the scrip stood at Rs. 33.20 and Rs. 29.85 respectively. The current market cap of the company is Rs. 12701.37 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 19.27% and 5.73% respectively.
Steel Authority of India (SAIL) is shutting down two of its subsidiaries located in Uttar Pradesh and Jharkhand. The company has initiated actions for closure/exit from certain JV companies as well as subsidiaries which are either non-performing or non-operational. The closure action for two subsidiary companies viz SAIL Jagdishpur Power Plant and SAIL Sindri Projects under Fast Track Exit Mode is in progress.
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.