Steel Authority of India Ltd. Shows Strong Market Activity and Performance Metrics

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 8,805,292 shares and a total traded value of approximately Rs 11,843.12 lakhs. The stock opened at Rs 133.18, matching its previous close, and reached a day high of Rs 135.78, while the day low was Rs 133.00. As of the latest update, the last traded price stands at Rs 135.59.
In terms of performance, SAIL has outperformed its sector by 1.27% today, marking a consecutive gain over the last two days with a total return of 1.42% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

Investor participation has also seen a notable increase, with a delivery volume of 233,100 shares on September 18, reflecting a rise of 7.43% compared to the 5-day average delivery volume. Additionally, the stock demonstrates sufficient liquidity, with a trading capacity based on 2% of the 5-day average traded value, accommodating trade sizes of up to Rs 1.6 crore.

Overall, Steel Authority of India Ltd. continues to show strong performance metrics and active market engagement, reinforcing its position in the mid-cap segment with a market capitalization of Rs 55,039 crore.