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Steel stocks extend rally; JSW Steel, Tata Steel hit fresh 52-week highs

SAIL and Jindal Steel and Power rallied 7 per cent and 6 per cent, respectively on the BSE

Workers, steel products, export, cargo ship, China
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Workers, steel products, export, cargo ship, China

SI Reporter Mumbai
Shares of steel companies continued their northward movement with sector giants such as Tata Steel and JSW Steel hitting their respective 52-week highs on Thursday after they reported a strong earnings during the recently concluded quarter.

JSW Steel gained 5 per cent to quote at Rs 354 and Tata Steel rallied 4 per cent to Rs 565 in their intra-day trade today while Steel Authority of India (SAIL) and Jindal Steel and Power (JSPL) were up 7 per cent and 6 per cent, respectively. At 02:37 pm, the S&P BSE Metal index, the top gainer among sectoral indices, was up 3

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