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Steel Authority of India Ltd slips for fifth straight session

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Steel Authority of India Ltd is quoting at Rs 30.85, down 3.14% on the day as on 13:24 IST on the NSE. The stock tumbled 59.22% in last one year as compared to a 6.29% slide in NIFTY and a 34.33% fall in the Nifty Metal index.

Steel Authority of India Ltd is down for a fifth straight session today. The stock is quoting at Rs 30.85, down 3.14% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 10853.9. The Sensex is at 36867.62, down 0.52%.Steel Authority of India Ltd has lost around 33.01% in last one month.Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has eased around 19.26% in last one month and is currently quoting at 2283.2, down 1.73% on the day. The volume in the stock stood at 273.67 lakh shares today, compared to the daily average of 249.56 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 30.9, down 1.44% on the day. Steel Authority of India Ltd tumbled 59.22% in last one year as compared to a 6.29% slide in NIFTY and a 34.33% fall in the Nifty Metal index.

The PE of the stock is 7.4 based on TTM earnings ending June 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 22 2019. 13:36 IST
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