Thursday 5 December 2013

SAIL gains on hiking prices of some long products by Rs 500 per tonne

SAIL is currently trading at Rs. 69.75, up by 0.85 points or 1.23% from its previous closing of Rs 68.90 on the BSE.

The scrip opened at Rs. 69.40 and has touched a high and low of Rs. 70.00 and Rs. 69.40 respectively. So far 31,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.60 on 07-Jan-2013 and a 52 week low of Rs. 37.65 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 70.00 and Rs. 67.70 respectively. The current market cap of the company is Rs. 28,807.00 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.41% and 3.58% respectively.

Steel Authority of India (SAIL), the country’s largest steel producer, has hiked prices of some long products by Rs 500 per tonne for December. Back in October this year, the company hiked flat product price by average Rs 1250 tonne. It also upped the long product price by Rs 500 per tonne.

SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

No comments:

Post a Comment