Strong Price Performance and Momentum
On the day of this milestone, SAIL’s stock price advanced by 0.75%, outperforming its sector by 0.94%. The stock has recorded gains for two consecutive sessions, delivering a cumulative return of 2.84% over this period. This upward trajectory is supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained buying interest and positive technical momentum.
Over the past year, Steel Authority Of India Ltd. has delivered a remarkable total return of 61.96%, significantly outpacing the Sensex’s 10.37% gain over the same timeframe. The stock’s 52-week low was Rs.99.2, highlighting the substantial recovery and growth it has experienced in the last twelve months.
Market Context and Sector Dynamics
The broader market environment on 11 Feb 2026 was mixed. The Sensex opened flat with a marginal change of 65.23 points but was trading slightly lower at 84,221.64, down 0.06%. Despite this, the Sensex remains within 2.3% of its own 52-week high of 86,159.02 and has been on a three-week consecutive rise, gaining 3.29% during this period. The index is also trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a bullish trend in the broader market.
Within the ferrous metals sector, SAIL’s performance stands out as a key contributor to sector strength. The company’s market cap grade is rated 2, reflecting its mid-tier market capitalisation status within the industry. The recent upgrade in its Mojo Grade from Sell to Hold on 23 Dec 2025, with a current Mojo Score of 65.0, suggests an improvement in the company’s fundamental and technical outlook.
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Technical Indicators Confirm Strength
SAIL’s position above all major moving averages is a strong technical indicator of its current strength. The stock’s 5-day moving average is comfortably above the 20-day, 50-day, 100-day, and 200-day averages, which typically signals a sustained uptrend. This alignment of moving averages often attracts momentum-driven investors and traders, reinforcing the stock’s upward trajectory.
Additionally, the stock’s outperformance relative to its sector by nearly 1% on the day of the new high suggests that SAIL is benefiting from both company-specific factors and favourable sectoral trends. The ferrous metals sector has been buoyed by steady demand fundamentals and improving pricing conditions, which have supported earnings growth and investor confidence.
Comparative Performance and Market Position
When compared to the broader market, SAIL’s 61.96% return over the past year is a standout figure. The Sensex’s more modest 10.37% gain over the same period highlights the stock’s ability to generate alpha within a challenging macroeconomic backdrop. This performance is particularly notable given the stock’s 52-week low of Rs.99.2, indicating a strong recovery and sustained investor interest.
The company’s Mojo Grade upgrade from Sell to Hold in late December 2025 reflects an improved assessment of its fundamentals and market positioning. The Mojo Score of 65.0 places SAIL in a moderate rating category, suggesting that while the stock has shown considerable improvement, there remains room for further progress in terms of financial metrics and market sentiment.
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Summary of Key Metrics
Steel Authority Of India Ltd. has demonstrated a strong price rally culminating in a new 52-week high of Rs.162.9 on 11 Feb 2026. The stock’s recent gains of 2.84% over two sessions and its outperformance relative to the ferrous metals sector by 0.94% on the day highlight its robust momentum. Trading above all major moving averages further confirms the strength of the trend.
The company’s market cap grade of 2 and Mojo Grade upgrade to Hold with a score of 65.0 reflect an improving fundamental and technical outlook. Over the past year, SAIL’s return of 61.96% has significantly outpaced the Sensex’s 10.37%, underscoring its relative strength in the market.
While the broader Sensex experienced a slight decline of 0.06% on the day, the index remains near its own 52-week high and continues a three-week upward trend. This environment has provided a supportive backdrop for SAIL’s rally within the ferrous metals sector.
Overall, Steel Authority Of India Ltd.’s achievement of a new 52-week high marks a notable milestone in its recent market performance, reflecting both company-specific strengths and favourable sectoral conditions.
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