Steel Authority of India Ltd drops for fifth straight session

10 May 2022 , 01:35 PM

Steel Authority of India Ltd fell for a fifth straight session today. The stock is quoting at Rs 85.7, down 2.5% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 16333.45. The Sensex is at 54647.08, up 0.32%.Steel Authority of India Ltd has eased around 22.06% in last one month.Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has eased around 15.07% in last one month and is currently quoting at 5942.8, down 3.18% on the day. The volume in the stock stood at 173.16 lakh shares today, compared to the daily average of 279.63 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 85.55, down 2.67% on the day. Steel Authority of India Ltd tumbled 38.96% in last one year as compared to a 9.98% rally in NIFTY and a 5.53% spurt in the Nifty Metal index.The PE of the stock is 2.7 based on TTM earnings ending December 21.Powered by Capital Market – Live News