Steel Authority of India is currently trading at Rs. 55.60, up by 0.50 points or 0.91 % from its previous closing of Rs. 55.10 on the BSE.
The scrip opened at Rs. 55.30 and has touched a high and low of Rs. 55.90 and Rs. 55.15 respectively. So far 27035 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.80 on 02-Jan-2014 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. 57.65 and Rs. 54.05 respectively. The current market cap of the company is Rs. 22759.19 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) continued its upward trend in sales and production well into February 2014. The company registered 7% growth in sales in February 2014 compared to the same month last year (SMLY).
For the cumulative 11-month period April '13-February '14, the company’s concerted effort in increasing domestic sales as well as exports paid off as these grew by 8% and 33% respectively.
SAIL plants kept pace with the rise in sales, as the company produced 1 million tonnes (MT) of saleable steel in February ’14, marking a 7% growth over SMLY. The month also witnessed 4% production growth each in hot metal and crude steel, at 1.12 MT and 1.04 MT respectively.
