Steel Authority of India Faces Continued Decline Amid Broader Market Volatility

Steel Authority of India Ltd. (SAIL) has experienced a notable decline of 3.43% on May 8, 2025, underperforming its sector by 1.96%. The stock reached an intraday low of Rs 110.3, reflecting a drop of 2.95%. Currently, SAIL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.
In the broader market context, the Sensex opened positively but reversed sharply, falling by 470.11 points to trade at 80,442.23, a decrease of 0.38%. While the Sensex remains above its 50-day moving average, the 50-day moving average itself is below the 200-day moving average, suggesting mixed signals in market momentum.

Over various time frames, SAIL's performance has been lackluster. In the past year, the stock has declined by 31.75%, contrasting sharply with the Sensex's gain of 9.46%. Year-to-date, SAIL is down 3.05%, while the Sensex has risen by 2.91%. In the longer term, SAIL has shown a 21.90% increase over three years, but this is significantly lower than the Sensex's 46.65% rise in the same period.