Steel Authority of India Ltd stays supported

Steel Authority of India Ltd is quoting at Rs 32.7, up 0.62% on the day as on 12:49 IST on the NSE. The stock is down 35.05% in last one year as compared to a 10.75% slide in NIFTY and a 29.1% slide in the Nifty Metal.

Jun 24, 2020 01:06 IST capital market

Steel Authority of India Ltd gained for a fifth straight session today. The stock is quoting at Rs 32.7, up 0.62% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 10528.25. The Sensex is at 35673.02, up 0.68%. Steel Authority of India Ltd has gained around 15.55% in last one month.

Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has gained around 18.79% in last one month and is currently quoting at 2085.8, up 0.03% on the day. The volume in the stock stood at 294.99 lakh shares today, compared to the daily average of 312.44 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 32.75, up 0.31% on the day. Steel Authority of India Ltd is down 35.05% in last one year as compared to a 10.75% slide in NIFTY and a 29.1% slide in the Nifty Metal index.

The PE of the stock is 0 based on TTM earnings ending December 19.

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