The stock jumped 9.12 per cent to settle at Rs 93.95 on BSE. Intra-day, it advanced by 9.63 per cent to Rs 94.40.
On NSE, shares of the company soared 9.24 per cent to close at Rs 93.95.
The company's market valuation rose by Rs 3,239.22 crore to Rs 38,802.22 crore.
In terms of equity volume, 45.21 lakh shares of the company were traded on BSE and over 4 crore shares changed hands on NSE during the day.
This figure is after taking into consideration other comprehensive income, Steel Authority of India Ltd (SAIL) said in a BSE filing.
However, the company had posted a standalone net loss of Rs 794.84 crore in the corresponding quarter of the previous fiscal.
The standalone revenue from operations during the quarter increased to Rs 15,443.13 crore, over Rs 12,688.47 crore in the year-ago period.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)