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Thursday, 9 November 2017

Steel Authority of India (SAIL) is currently trading at Rs. 77.50, up by 0.65 points or 0.85% from its previous closing of Rs. 76.85 on the BSE.

The scrip opened at Rs. 78.20 and has touched a high and low of Rs. 79.75 and Rs. 77.25 respectively. So far 886484 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 87.95 on 06-Nov-2017 and a 52 week low of Rs. 44.75 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 87.95 and Rs. 76.15 respectively. The current market cap of the company is Rs. 32176.79 crore.

The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 20.53% and 4.47% respectively.

SAIL is planning to offer differentiated products in the market, while focussing on value along with volume. Value addition to products and processes along with tailoring the product quality in line with market demands can be a game-changer for the company in the prevailing stiff market competition.

Meanwhile, the wheels for new Linke Hofmann Busch (LHB) railway coaches are in advanced stages of validation at SAIL’s Durgapur Steel Plant and the metallurgical testing of the wheels has already been completed.

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