Steel Authority Of India Ltd Gains 1.48%: 5 Key Factors Driving the Week

27 January 2026: New 52-Week High and Intraday Surge

SAIL began the week on a strong note, hitting a new 52-week high of Rs.156.95 on 27 January 2026. The stock closed at Rs.155.60, up 4.53% on the day, significantly outperforming the Sensex which gained 0.50%. Intraday, the stock surged 5.17%, reaching Rs.155.5, just 0.68% shy of the 52-week peak. This rally was supported by the stock trading above all major moving averages (5, 20, 50, 100, and 200-day), signalling robust technical momentum. The ferrous metals sector also showed strength, with the S&P BSE Metal index hitting a 52-week high, reflecting positive sectoral sentiment. The Mojo Score remained steady at 65.0 with a Hold rating, upgraded from Sell in late December 2025, underscoring improved investor confidence.

28 January 2026: Fresh 52-Week High Despite Slight Dip

On 28 January, SAIL reached another 52-week high, closing at Rs.157.05, marking a new peak for the stock. However, the day saw a slight decline of 1.25% from the previous close. Despite this dip, the stock remained well above all key moving averages, maintaining its technical strength. The Sensex closed 0.42% higher, supported by mega-cap stocks rallying. SAIL outperformed the Sensex’s one-year gain of 8.30% with a 49.46% appreciation over the same period. The stock’s resilience amid sector volatility was evident, although it underperformed the ferrous metals sector by 3.16% on the day of the new high. The Mojo Score and Hold rating remained unchanged, reflecting steady fundamentals.

29 January 2026: New 52-Week High at Rs.160 Amid Mixed Market

SAIL extended its rally on 29 January, hitting a new 52-week high of Rs.160 intraday and closing at Rs.157.25, up 0.96% for the day. This marked the third consecutive day of gains, accumulating a 6.45% return over this period. The stock outperformed its sector peers by 0.78% despite a mixed market environment where the Sensex declined by 0.22%. The one-year return stood at 51.51%, significantly ahead of the Sensex’s 6.84% gain. Technical indicators remained positive with the stock trading above all major moving averages, reinforcing the sustained bullish trend. Sectoral indices such as NIFTY PSE, NIFTY CPSE, and NIFTY METAL also reached new 52-week highs, supporting the positive momentum in SAIL’s shares.

30 January 2026: Intraday Low and Profit-Taking Pressure

The week concluded with a sharp correction on 30 January, as SAIL’s stock price fell 3.94% to close at Rs.151.05, touching an intraday low of Rs.149.35. This decline followed three days of gains and was sharper than the ferrous metals sector’s 2.72% drop, indicating heightened selling pressure on the stock. Despite this, SAIL remained above its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting the medium- to long-term trend remains intact. The stock traded below its 5-day moving average, signalling short-term weakness. The Sensex also declined 0.22%, reflecting broader market caution. The Mojo Score held steady at 65.0 with a Hold rating, reflecting balanced fundamentals amid short-term volatility.

Q3 FY26 Results: Profit Plunges Amid Margin Pressure

On 30 January 2026, SAIL reported its Q3 FY26 financial results, revealing a 53% plunge in profit amid margin pressures. Despite this significant earnings decline, the stock managed to hold ground above key technical levels, reflecting investor focus on the company’s longer-term prospects and sectoral dynamics. The results highlight challenges in cost management and pricing pressures within the ferrous metals industry. However, the stock’s ability to sustain above major moving averages and maintain its Mojo Hold rating suggests that the market is factoring in these headwinds without a fundamental shift in confidence.

Key Takeaways

Positive Signals: SAIL demonstrated strong technical momentum early in the week, hitting multiple 52-week highs and outperforming the Sensex on key days. The stock’s consistent trading above all major moving averages indicates sustained bullish sentiment. The Mojo Score upgrade to Hold from Sell reflects improved fundamentals and market perception. Sectoral strength in ferrous metals supported the rally, with related indices also reaching new highs.

Cautionary Signals: The sharp intraday decline on 30 January and the 53% profit plunge reported in Q3 FY26 highlight margin pressures and short-term volatility risks. The stock’s underperformance relative to the sector on certain days and trading below the 5-day moving average on the last day suggest near-term profit-taking and market caution. Investors should note the mixed market environment and sectoral headwinds impacting price action.

Conclusion

Steel Authority Of India Ltd’s week was characterised by strong price rallies and new 52-week highs, reflecting robust technical momentum and sectoral tailwinds. Despite a late-week correction and earnings challenges, the stock maintained its position above key moving averages and retained a Hold rating from MarketsMOJO. The 1.48% weekly gain, while modest, underscores resilience amid a mixed market backdrop. As the ferrous metals sector navigates margin pressures and market fluctuations, SAIL’s performance this week highlights both its strengths and the caution warranted by recent earnings results.

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