Steel Authority of India Ltd. Trades 6.4 Million Shares, Among Top Volume Movers Today

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 6,442,752 shares and a total traded value of approximately Rs 86.42 crores. The stock opened at Rs 135.65 and reached a day high of Rs 136.10, while the day low was recorded at Rs 132.77. As of the latest update, the last traded price stands at Rs 134.25, reflecting a slight decline of 0.30% for the day.
Despite this dip, SAIL remains close to its 52-week high, just 4.38% away from Rs 140.52. The stock has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, investor participation has increased, with a delivery volume of 696,100 shares on October 3, marking a 58.04% rise compared to the 5-day average delivery volume.

In terms of liquidity, SAIL is deemed sufficiently liquid for a trade size of Rs 3.55 crores, based on 2% of the 5-day average traded value. Overall, while the stock has experienced a trend reversal after four consecutive days of gains, it continues to demonstrate solid market activity and performance indicators.