SAIL erases gains, slips 1%

The stock erased all its gains and slipped into the negative to settle at Rs 210, down 1.5%. The counter clocked volumes of 1.82 million shares as compared to the two-week daily average traded volumes of 1.40 million shares. _________________________________________________

(Updated at 1130hrs)

Steel Authority of India Ltd (SAIL) has moved up in the morning trades after the company decided to raise the steel prices following a recovery in demand.

The stock opened at Rs 215 and touched a high of Rs 216. The scrip is now trading at Rs 214, up 1% from its previous close. The counter clocked volumes of 502,632 shares as compared to the two-week daily average traded volumes of 1.40 million shares on the BSE. The scrip has advanced 18% in a month's time.