SAIL trades in green on logging 3.91% rise in crude steel production during Q3FY23

Steel Authority of India is currently trading at Rs. 84.70, up by 0.50 points or 0.59% from its previous closing of Rs. 84.20 on the BSE.

Steel Authority of India
Steel Authority of India

The scrip opened at Rs. 83.65 and has touched a high and low of Rs. 85.30 and Rs. 83.65 respectively. So far 358193 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 112.30 on 11-Apr-2022 and a 52 week low of Rs. 63.60 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 86.50 and Rs. 82.10 respectively. The current market cap of the company is Rs. 35150.77 crore.

The promoters holding in the company stood at 65.00%, while Institutions and Non-Institutions held 15.06% and 19.94% respectively.

Steel Authority of India (SAIL) has achieved the best ever quarterly crude steel production during Q3FY23 at 4.708 million tonne as against 4.531 million tonne in Q3FY22, up by 3.91%. The company has been steadily increasing the crude steel production in the recent months. The sales volume in Q3FY23 also saw an increase over the corresponding period over last year.

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

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