Buzzing inventory: Steel Authority of India rises 7 per cent; makes new 52-week excessive

During Friday’s buying and selling session, the inventory of Steel Authority of India Limited (SAIL) jumped greater than 7 per cent and made an intraday excessive of Rs 121.30 per share. In the final one month, the inventory of the corporate has risen by 53 per cent.  

Steel Authority of India, the Maharatna PSU, has recorded its best-ever quarterly efficiency in each manufacturing and gross sales throughout Q4FY21. The inventory of SAIL has elevated by 323.39 per cent from its decline in April 2020. The inventory right now hit a document excessive of Rs 121.30. It made a recent 52-week low of Rs 26.65 in May 2020.  

According to BSE information, the inventory traded at a P/E a number of of 14.83 and a price-to-book ratio of 1.19.  

The firm reported a web revenue of Rs 1,246.50 crore in Q3FY21 whereas in Q3FY20, it had reported a lack of Rs 442.49 crore. It reported web gross sales of Rs 19,835.71 crore for Q3FY21, which is a rise of 19.91 per cent, as towards the web gross sales of Rs 16,542.48 crore for Q3FY20.  

At the time of market closing, the share of the corporate was buying and selling at Rs 119.45 per share on BSE, which is up by 6.27 per cent. 


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