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SAIL jumps on reporting 21% rise in October sales

05 Nov 2020 Evaluate

Steel Authority Of India is currently trading at Rs. 35.30, up by 0.55 points or 1.58% from its previous closing of Rs. 34.75 on the BSE.

The scrip opened at Rs. 35.30 and has touched a high and low of Rs. 35.45 and Rs. 35.15 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.85 on 17-Jan-2020 and a 52 week low of Rs. 20.15 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 35.45 and Rs. 33.45 respectively. The current market cap of the company is Rs. 14353.58 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.94% and 8.06% respectively.

Steel Authority of India (SAIL) has reported a 21 percent rise in its sales at 1.341 million tonnes (MT) during October 2020. The company had posted sales of 1.113 MT in the same month in 2019. This is the best ever October sales performance of the company. The crude steel production and the saleable steel production also grew substantially by 14 percent and stood at 1.446 MT and 1.347 MT, respectively, during the month over the corresponding period of last year.

The company is continually posting strong sales performance from June onwards. It is determined to continue this growth streak. The production is being continuously scaled up to reach higher than the pre-Covid levels.

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.

SAIL Share Price

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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