Steel Authority of India Faces Stock Decline Amid Broader Market Weakness

Aug 01 2025 03:16 PM IST
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Steel Authority of India Ltd. (SAIL) shares have declined amid a broader market downturn, with a cumulative drop of 4.6% over three days. While SAIL has outperformed the Sensex over three years, its short-term performance shows mixed signals against various moving averages.
Steel Authority of India Ltd. (SAIL) has experienced a notable decline today, with shares dropping by 3.22%. This performance comes amid a broader market downturn, as the Sensex has also fallen by 0.81%, reflecting a negative sentiment in the market. Over the past three days, SAIL has seen a cumulative decline of 4.6%, indicating a consecutive fall in its stock price.

In terms of performance metrics, SAIL has underperformed its sector by 1.27% today. The stock reached an intraday low of Rs 120.1, which is a decrease of 3.18%. When examining moving averages, SAIL's current price is above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting mixed signals in short-term trends.

Looking at longer-term performance, SAIL has faced challenges, with a year-to-date increase of 6.15%, compared to the Sensex's 3.02%. However, over the past three years, SAIL has shown a robust growth of 54.60%, outperforming the Sensex's 38.52% during the same period.
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