Steel Authority of India Ltd. Sees 53 Million Shares Traded Today, Leading Volume Activity

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 53,089,090 shares and a total traded value of approximately Rs 69,982.04 lakhs. The stock opened at Rs 129.91 and reached a day high of Rs 133.15, reflecting a notable intraday increase of 5.43%. Currently, SAIL's last traded price stands at Rs 132.33, which is just 0.71% shy of its 52-week high of Rs 139.98.
In terms of performance, SAIL has outperformed its sector by 3.28% today, marking a significant 6.17% return over the day. The stock has shown consistent gains over the past four days, accumulating a total return of 7.46% during this period. Additionally, the delivery volume on October 28 reached 3.2 crore, a remarkable increase of 625.6% compared to the five-day average delivery volume, indicating rising investor participation.

SAIL is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. With a market capitalization of Rs 54,647 crore, SAIL continues to demonstrate robust liquidity, making it a significant entity in the mid-cap segment of the market. Overall, SAIL's performance today reflects a positive trajectory within the ferrous metals sector.