SAIL hits over 2-yr high on clocking best quarterly production, sales in Q4

Aided by a healthy Q4FY21 performance, SAIL reported its best-ever annual sales volume during the financial year 2020-21

Shares of Steel Authority of India (SAIL) hit an over two-year high of Rs 88.40 on the BSE as they rallied 5.5 per cent in intra-day trade on Monday, in an otherwise weak market, after the company recorded its best-ever quarterly performance both in terms of production and sales during the January-March quarter (Q4FY21). 

The stock of the state-owned steel major was trading at its highest level since June 2018. At 09:27 am, the S&P BSE Sensex was down 0.73 per cent at 49,666. 

The crude steel production volume for the quarter stood at 4.55 million tonnes (MT), up 6 per cent