Steel Authority of India (SAIL) is currently trading at Rs. 48.85, up by 0.30 points or 0.62% from its previous closing of Rs. 48.55 on the BSE.
The scrip opened at Rs. 48.80 and has touched a high and low of Rs. 49.30 and Rs. 48.30 respectively. So far 137297 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.60 on 07-Jan-2013 and a 52 week low of Rs. 37.65 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 52.00 and Rs. 47.00 respectively. The current market cap of the company is Rs. 20115.66 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.54% and 3.45% respectively.
SAIL has reportedly increased steel prices by Rs 1000-1500 per tonne from September 13. The company has hiked the prices on account of higher input cost mainly coking coal. The company imports 11 mtpa of coking coal.
In separate development, the company is in talks with Japan-based Kobe Steel for setting up a special steel venture. The special steel could be used in the defence sector or automobiles. Though, the investment, location and equity structure have yet not been decided.
SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.95 |
| JSW Steel | 1257.25 |
| SAIL | 176.45 |
| Jindal Stainless | 775.60 |
| APL Apollo Tubes | 2022.35 |
| View more.. | |
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