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Steel Authority of India Ltd up for third straight session
17-Aug-22   13:05 Hrs IST

Steel Authority of India Ltd rose for a third straight session today. The stock is quoting at Rs 83.5, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 17936.35. The Sensex is at 60234.9, up 0.66%. Steel Authority of India Ltd has gained around 16.3% in last one month.

Meanwhile, Nifty Media index of which Steel Authority of India Ltd is a constituent, has gained around 19.89% in last one month and is currently quoting at 5893.4, up 0.72% on the day. The volume in the stock stood at 195.99 lakh shares today, compared to the daily average of 290.78 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 83.55, up 0.78% on the day. Steel Authority of India Ltd is down 34.97% in last one year as compared to a 8.25% jump in NIFTY and a 4.09% jump in the Nifty Media index.

The PE of the stock is 3.71 based on TTM earnings ending June 22.

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