S.A.L Steel Ltd Surges 5% Today, Up 21.47% Weekly and 124.50% Over Three Months

S.A.L Steel Ltd is currently witnessing significant buying activity, with the stock gaining 5.00% today, outperforming the Sensex, which rose by 0.87%. Over the past week, S.A.L Steel has surged by 21.47%, while the Sensex recorded a modest increase of 2.03%. The stock's performance over the last month shows a 15.57% rise compared to the Sensex's 3.72%. Notably, S.A.L Steel has experienced a remarkable 124.50% increase over the past three months, significantly outpacing the Sensex's 2.94% growth.
The stock has been on a consistent upward trend, achieving consecutive gains for the last six days, resulting in a total return of 33.73% during this period. Today, S.A.L Steel opened with a gap up of 5% at Rs 35.92 and reached an intraday high of Rs 35.92, maintaining this price throughout the trading session. The stock is currently just 1.75% away from its 52-week high of Rs 36.55 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum in the market.