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Steel Authority of India Ltd jumps nearly 4%

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Capital Market

Steel Authority of India Ltd is quoting at Rs 58.35, up 3.92% on the day as on 12:49 IST on the NSE. The stock is down 19.29% in last one year as compared to a 15.9% spurt in NIFTY and a 10.02% spurt in the Nifty Metal.

Steel Authority of India Ltd gained for a fifth straight session today. The stock is quoting at Rs 58.35, up 3.92% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 11739. The Sensex is at 39187.19, up 0.33%. Steel Authority of India Ltd has risen around 5.99% in last one month.

 

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has risen around 4.02% in last one month and is currently quoting at 3089.1, up 1.02% on the day. The volume in the stock stood at 287.12 lakh shares today, compared to the daily average of 228.13 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 58.8, up 3.98% on the day. Steel Authority of India Ltd is down 19.29% in last one year as compared to a 15.9% spurt in NIFTY and a 10.02% spurt in the Nifty Metal index.

The PE of the stock is 9.36 based on TTM earnings ending December 18.

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First Published: Apr 03 2019 | 1:00 PM IST

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