SAIL is currently trading at Rs. 61.15, up by 0.80 points or 1.33% from its previous closing of Rs. 60.35 on the BSE.
The scrip opened at Rs. 60.50 and has touched a high and low of Rs. 61.25 and Rs. 60.50 respectively. So far 80,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 87.55 on 05-Feb-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. 69.00 and Rs. 60.25 respectively. The current market cap of the company is Rs. 25,214 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.93% and 3.06% respectively.
Steel Authority of India (SAIL) has registered sales of 1.14 million tonnes (MT) in January 2014, up by 10% compared to same month last year (SMLY). The cumulative sales growth by SAIL for the April 2013-January 2014 period was a robust 8%, as sales rose to 9.84 MT from 9.09 MT in the corresponding period last year (CPLY) backed by a surge of 47% in its exports.
Most products in SAIL basket registered a considerable increase in sales this January sales of Flat Steels rode the wave by growing by 23.5% over SMLY. Cumulative sales growth for Flat Steels in the ten-month period over CPLY was 10.6%.
The upsurge in sales registered by the company has been a result of concerted efforts made by SAIL towards producing tailor-made steel to meet customer requirement. The plants and units of SAIL kept pace with this aggressive sales strategy, by increasing production of saleable steel by 4% in April’13-Jan’14 period, at 10.74 MT.
