The stock’s latest peak at Rs.43.8 marks a new benchmark for S.A.L Steel, underscoring its upward momentum over recent months and years. On the day of this record, the stock recorded a gain of 0.57%, outpacing the Sensex’s 0.21% rise. Over the past week, S.A.L Steel’s price movement showed a 4.41% return, compared to the Sensex’s 1.05%, while the one-month performance stood at 34.40%, significantly ahead of the Sensex’s 1.19% during the same period.
Examining the medium-term trend, the stock’s three-month returns are particularly notable at 166.91%, dwarfing the Sensex’s 4.28% gain. This robust performance is further reflected in the one-year returns of 75.34%, compared to the Sensex’s 10.04%. Year-to-date, S.A.L Steel has delivered an 86.62% return, substantially exceeding the Sensex’s 9.25% over the same timeframe.
Fast mover alert! This Large Cap from Automobiles - Passeenger just qualified for our Momentum list with stellar technical indicators. Strike while the iron is hot!
- - Recent Momentum qualifier
- - Stellar technical indicators
- - Large Cap fast mover
Longer-term data further highlights the stock’s exceptional trajectory. Over three years, S.A.L Steel’s returns stand at 256.97%, compared to the Sensex’s 38.44%. The five-year performance is even more striking, with the stock delivering 1,481.23% returns, vastly outpacing the Sensex’s 94.53%. Over a decade, the stock’s cumulative return reaches an impressive 2,446.51%, while the Sensex recorded 229.99% during the same period.
Technical indicators reinforce the strength of S.A.L Steel’s price movement. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a consistent upward trend across short, medium, and long-term horizons. Additionally, the stock has recorded gains for four consecutive days, accumulating a 6.52% return in this recent stretch, further emphasising the momentum behind the current rally.
In terms of sector performance, S.A.L Steel has outperformed the Ferrous Metals industry benchmark by 0.74% on the day it reached its all-time high. This outperformance highlights the company’s relative strength within its sector, which is a critical factor for investors analysing sectoral trends and stock-specific resilience.
S.A.L Steel or something better? Our SwitchER feature analyzes this micro-cap Ferrous Metals stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Market capitalisation metrics place S.A.L Steel in a solid position within the Ferrous Metals sector. The company’s market cap grade is noted as 4, indicating a substantial market presence relative to peers. This standing complements the stock’s price performance and technical positioning, providing a comprehensive view of its market stature.
While the stock’s recent gains and all-time high price reflect a strong performance, it is important to consider these figures within the broader market context. The Sensex’s more modest returns over comparable periods illustrate the distinct trajectory of S.A.L Steel, which has outpaced the benchmark index by a wide margin across multiple timeframes.
In summary, S.A.L Steel’s attainment of its all-time high price of Rs.43.8 is the culmination of sustained gains, robust returns across short and long-term periods, and favourable technical indicators. The stock’s performance relative to the Sensex and its sector underscores its significant growth and resilience in the Ferrous Metals industry.
Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
