Steel Authority of India is currently trading at Rs. 27.35, up by 2.60 points or 10.51% from its previous closing of Rs. 24.75 on the BSE.
The scrip opened at Rs. 23.75 and has touched a high and low of Rs. 27.65 and Rs. 21.05 respectively. So far 1910277 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.10 on 08-Apr-2019 and a 52 week low of Rs. 24.50 on 12-Mar-2020.
Last one week high and low of the scrip stood at Rs. 32.40 and Rs. 21.05 respectively. The current market cap of the company is Rs. 10780.67 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 18.32% and 6.68% respectively.
Steel Authority of India (SAIL) is in talks with the Indian Railways for an order to supply about 15.5 lakh tonnes of rail in the next financial year. The Indian Railways had placed an order with the company for supply of 13.5 lakh tonne rails in the current financial year. Till February 29, the company produced 11.65 lakh tonne rails.
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.
