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Steel Authority of India Ltd gains for third straight session

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Capital Market
Last Updated : Dec 14 2020 | 1:16 PM IST

Steel Authority of India Ltd is quoting at Rs 58.55, up 1.39% on the day as on 12:49 IST on the NSE. The stock is up 48.42% in last one year as compared to a 12.23% jump in NIFTY and a 22.94% jump in the Nifty Metal index.

Steel Authority of India Ltd gained for a third straight session today. The stock is quoting at Rs 58.55, up 1.39% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 13528.4. The Sensex is at 46129.35, up 0.07%. Steel Authority of India Ltd has gained around 45.29% in last one month.

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has gained around 15.36% in last one month and is currently quoting at 3146.1, up 1.25% on the day. The volume in the stock stood at 357.86 lakh shares today, compared to the daily average of 467.8 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 58.5, up 0.78% on the day. Steel Authority of India Ltd is up 48.42% in last one year as compared to a 12.23% jump in NIFTY and a 22.94% jump in the Nifty Metal index.

The PE of the stock is 13.4 based on TTM earnings ending September 20.

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First Published: Dec 14 2020 | 1:05 PM IST

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