Steel Authority of India Ltd dropped for a fifth straight session today. The stock is quoting at 56.85, down 2.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 10663.5. The Sensex is at 35459.4, up 0.3%.Steel Authority of India Ltd has lost around 12.47% in last one month.Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has eased around 6.58% in last one month and is currently quoting at 3172.3, down 0.77% on the day. The volume in the stock stood at 110.01 lakh shares today, compared to the daily average of 80.54 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 56.85, down 2.32% on the day. Steel Authority of India Ltd tumbled 29.64% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.

The PE of the stock is 12.48 based on TTM earnings ending September 18.