Steel Authority of India Ltd jumps more than 2%

Steel Authority of India Ltd is quoting at Rs 48.95, up 2.19% on the day as on 12:49 IST on the NSE. The stock is down 41.66% in last one year as compared to a 3.71% jump in NIFTY and a 28.52% jump in the Nifty Metal index.

Steel Authority of India Ltd is up for a third straight session today. The stock is quoting at Rs 48.95, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.3% on the day, quoting at 10767.8. The Sensex is at 35875.7, up 0.33%. Steel Authority of India Ltd has gained around 1.45% in last one month.

 

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has gained around 3.13% in last one month and is currently quoting at 2765, up 0.93% on the day. The volume in the stock stood at 172.34 lakh shares today, compared to the daily average of 144.76 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 49.1, up 1.97% on the day. Steel Authority of India Ltd is down 41.66% in last one year as compared to a 3.71% jump in NIFTY and a 28.52% jump in the Nifty Metal index.

The PE of the stock is 7.96 based on TTM earnings ending December 18.

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