Steel Authority of India Sees Increased Trading Activity Amid Mixed Performance Trends

Steel Authority of India Ltd. (SAIL), a prominent player in the ferrous metals industry, has emerged as one of the most active equities today, with a total traded volume of 10,067,539 shares and a total traded value of approximately Rs 139.76 crores. The stock opened at Rs 137.90 and reached a day high of Rs 139.98, while the day low was recorded at Rs 137.61. As of the latest update, the last traded price stands at Rs 137.72.
Despite its active trading, SAIL has underperformed its sector by 0.27% today, marking a slight decline of 0.04% in its one-day return. This comes after a trend reversal, as the stock had experienced three consecutive days of gains prior to today. Notably, SAIL is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term.

Investor participation has notably increased, with a delivery volume of 1.17 crore shares on July 2, reflecting a rise of 125.06% compared to the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of Rs 5.06 crores based on 2% of the 5-day average traded value. Overall, SAIL continues to maintain a significant market presence with a market capitalization of Rs 56,761.68 crores.