With Rs 55,500 crore m-cap, SAIL enters 100 most-valued Indian firms' club

In the intra-day today, the stock hit an over nine-year high of Rs 135.60, up 6 per cent, on the BSE. In the past six weeks, it has zoomed 85 per cent

Steel Authority of India Ltd (SAIL) on Tuesday regained market capitalisation (m-cap) of Rs 50,000 crore, after its stock climbed over 80 per cent in the past one and half month, on expectations of strong earnings in March quarter (Q4FY21) and a healthy outlook going forward.

The state-owned steel major also entered into the league of top 100 most valued companies in terms of market capitalisation. At 10:19 am, SAIL stood at 78th position in the overall m-cap ranking with a market cap of Rs 55,529 crore, BSE data shows.

In the intra-day today, the stock hit an