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As on 04-Dec-2023  13:00

Steel Authority of India Ltd soars 1.23%, gains for fifth straight session

Steel Authority of India Ltd is up for a fifth straight session today. The stock is quoting at Rs 94.3, up 1.23% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.55% on the day, quoting at 20581.45. The Sensex is at 68464.1, up 1.46%. Steel Authority of India Ltd has gained around 8.58% in last one month.

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has gained around 9.85% in last one month and is currently quoting at 7087, up 1.79% on the day. The volume in the stock stood at 212.68 lakh shares today, compared to the daily average of 171.62 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 95.05, up 1.12% on the day. Steel Authority of India Ltd is up 7.04% in last one year as compared to a 10.06% jump in NIFTY and a 5.78% jump in the Nifty Metal index.

The PE of the stock is 12.77 based on TTM earnings ending September 23.

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