SAIL up on good results

Dalal Street Spikes

 The counter rose on good buying support after the company announced good Q2 results, according to market sources.

 The company has reported a net profit of Rs 505.16 crore for Q2 September 2003 compared with a net loss of Rs 158.35 crore in Q2 September 2002.

 Total income surged 40.9 per cent to Rs 5,116.25 crore from Rs 3,629.82 crore.

 Firm local as well as global steel prices helped by an increased demand from China have helped the industry overall.

 Local demand, from sectors such as automobiles, roads, heavy engineering, construction, oil and gas pipelines, has increased.

 Exports have played a strong part in the company