Steel Authority of India rose 1.85% to Rs 90.60 at 11:14 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was up 7.35 points or 0.03% at 25,589.46.
On BSE, so far 6.09 lakh shares were traded in the counter as against average daily volume of 12.44 lakh shares in the past one quarter.
The stock hit a high of Rs 91.30 and a low of Rs 86.05 so far during the day. The stock hit a 52-week high of Rs 112.90 on 9 June 2014. The stock hit a 52-week low of Rs 37.65 on 7 August 2013.
The stock had underperformed the market over the past one month till 8 July 2014, sliding 18.02% compared with the Sensex's 0.73% rise. The scrip had, however, outperformed the market in past one quarter, jumping 25.46% as against Sensex's 14.49% rise.
The large-cap company has equity capital of Rs 4130.53 crore. Face value per share is Rs 10.
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Shares of Steel Authority of India (SAIL) had declined 9.69% in four trading sessions to settle at Rs 88.95 on Tuesday, 8 July 2014, from a recent high of Rs 98.50 on 2 July 2014.
SAIL's net profit rose 1.4% to Rs 452.58 crore on 9.4% growth in net sales to Rs 13310.01 crore in Q4 March 2014 over Q4 March 2013.
SAIL 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. The Government of India (GoI) holds 80% stake in Sail (as per the shareholding pattern as on 31 March 2014).
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