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Steel Authority of India Ltd spikes around 5%

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Steel Authority of India Ltd is quoting at Rs 118.15, up 5.02% on the day as on 12:49 IST on the NSE. The stock is up 309.53% in last one year as compared to a 59.38% gain in NIFTY and a 184.44% gain in the Nifty Metal index.

Steel Authority of India Ltd rose for a third straight session today. The stock is quoting at Rs 118.15, up 5.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 14811.85. The Sensex is at 49404.41, down 0.73%. Steel Authority of India Ltd has added around 49.94% in last one month.

 

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has added around 22.56% in last one month and is currently quoting at 4855.3, up 0.4% on the day. The volume in the stock stood at 1330.53 lakh shares today, compared to the daily average of 860.2 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 117.8, up 4.02% on the day. Steel Authority of India Ltd is up 309.53% in last one year as compared to a 59.38% gain in NIFTY and a 184.44% gain in the Nifty Metal index.

The PE of the stock is 13.3 based on TTM earnings ending December 20.

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First Published: Apr 30 2021 | 1:05 PM IST

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