New Peak in Share Price
On the trading day, SAIL’s stock surged to Rs.149.6, surpassing its previous 52-week high and setting a fresh benchmark for investors. This price level represents a substantial increase from its 52-week low of Rs.99.2, achieved within the past year, indicating a robust appreciation of 50.8% over the period.
The stock’s performance today outpaced its sector peers, outperforming the ferrous metals sector by 0.72%. This outperformance is particularly noteworthy given the broader market environment, where the Sensex declined by 0.46%, closing at 85,363.92 points after a negative opening.
Technical Momentum and Moving Averages
SAIL’s price action is supported by strong technical indicators. The stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests sustained upward momentum and a positive trend across multiple timeframes.
Such a technical setup often signals confidence among market participants and can act as a foundation for continued price strength, at least in the short to medium term.
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Comparative Performance Over One Year
Over the last 12 months, Steel Authority Of India Ltd. has delivered a total return of 30.56%, significantly outpacing the Sensex’s 7.73% gain over the same period. This strong relative performance highlights the company’s ability to generate shareholder value in a challenging macroeconomic environment.
The stock’s market capitalisation grade stands at 2, reflecting its mid-cap status within the ferrous metals sector. Despite this, the company’s Mojo Score has improved to 65.0, accompanied by an upgraded Mojo Grade of Hold from a previous Sell rating as of 23 Dec 2025. This upgrade signals an improvement in the company’s overall fundamentals and market positioning.
Sector and Market Context
The ferrous metals sector has experienced mixed trends recently, with broader market indices like the Sensex showing some volatility. The Sensex itself is trading near its own 52-week high, just 0.93% shy of the peak at 86,159.02 points, and remains above its 50-day moving average, which is positioned above the 200-day average, indicating a generally bullish market environment.
Within this context, SAIL’s ability to reach a new 52-week high is a testament to its relative strength and resilience compared to both its sector and the broader market.
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Mojo Score and Rating Evolution
The recent upgrade in SAIL’s Mojo Grade from Sell to Hold reflects a positive shift in the company’s financial and operational metrics. The Mojo Score of 65.0 places the stock in a moderate position, indicating balanced fundamentals and momentum factors.
While the market cap grade of 2 suggests that the stock is not among the largest in the sector, the improved rating and price performance demonstrate growing investor confidence and a strengthening business profile.
Price Movement and Daily Change
On 5 Jan 2026, SAIL’s stock recorded a day change of +1.15%, further underscoring the positive sentiment surrounding the company. This gain contributed to the stock’s new 52-week high and reinforced its outperformance relative to the sector and broader market indices.
The stock’s upward trajectory is supported by consistent buying interest and technical strength, as evidenced by its position above all major moving averages.
Summary of Key Metrics
To summarise, Steel Authority Of India Ltd. has achieved a new 52-week high of Rs.149.6, marking a significant milestone in its price journey. The stock’s 30.56% return over the past year compares favourably with the Sensex’s 7.73% gain, highlighting its strong relative performance.
Its Mojo Score of 65.0 and upgraded Hold rating reflect improved fundamentals and momentum, while the market cap grade of 2 positions it as a mid-cap player within the ferrous metals sector. The daily gain of 1.15% and technical positioning above key moving averages further support the stock’s current strength.
Market Environment and Sector Dynamics
Despite a broadly negative day for the Sensex, which fell by 276.13 points, SAIL’s ability to reach a new high demonstrates resilience. The Sensex itself remains close to its own 52-week peak and is trading above bullish moving averages, indicating a cautiously optimistic market backdrop.
Within the ferrous metals sector, SAIL’s performance stands out, reflecting both company-specific factors and broader industry trends that have favoured select players.
Conclusion
Steel Authority Of India Ltd.’s new 52-week high at Rs.149.6 is a clear indicator of its positive momentum and improved market standing. Supported by strong technical signals and an upgraded rating, the stock’s rally over the past year has been substantial relative to the broader market and sector peers. This milestone underscores the company’s ongoing relevance within the ferrous metals industry and its capacity to deliver value in a competitive environment.
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