Steel Authority of India dropped 0.56% to Rs 53.15 at 9:25 IST on BSE after the company reported net loss of Rs 731.58 crore in Q2 September 2016 compared with net loss of Rs 1108.04 crore in Q2 September 2015.
The result was announced after market hours yesterday, 8 December 2016.Meanwhile, the BSE Sensex was up 59.45 points, or 0.22%, to 26,753.73.
On the BSE, 40,863 shares were traded in the counter so far, compared with an average volume of 8.22 lakh shares in the past one quarter. The stock had hit a high of Rs 53.45 and a low of Rs 53 so far during the day.
Steel Authority of India's (Sail) total income rose 20.68% to Rs 12645.76 crore in Q2 September 2016 over Q2 September 2015.
Sail is a PSU steel manufacturing company. The Government of India held 75% stake in Sail (as per the shareholding pattern as on 30 September 2016).
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