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Steel Authority of India Ltd continues to see good buying

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Capital Market
Last Updated : Mar 23 2022 | 1:31 PM IST

Steel Authority of India Ltd is quoting at Rs 101.35, up 1.86% on the day as on 12:49 IST on the NSE. The stock is up 43.76% in last one year as compared to a 18.51% gain in NIFTY and a 70.23% gain in the Nifty Metal.

Steel Authority of India Ltd rose for a fifth straight session today. The stock is quoting at Rs 101.35, up 1.86% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.42% on the day, quoting at 17243.15. The Sensex is at 57731.01, down 0.45%. Steel Authority of India Ltd has added around 19.24% in last one month.

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has added around 19.1% in last one month and is currently quoting at 6323.7, up 0.07% on the day. The volume in the stock stood at 319.13 lakh shares today, compared to the daily average of 450.98 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 99.75, up 2.36% on the day. Steel Authority of India Ltd is up 43.76% in last one year as compared to a 18.51% gain in NIFTY and a 70.23% gain in the Nifty Metal index.

The PE of the stock is 3.06 based on TTM earnings ending December 21.

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First Published: Mar 23 2022 | 1:00 PM IST

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