Steel Authority of India Ltd is up for a third straight session in a row. The stock is quoting at Rs 51, up 1.29% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.53% on the day, quoting at 11842.6. The Sensex is at 39543.35, down 0.54%. Steel Authority of India Ltd has risen around 6.81% in last one month.
Meanwhile, Nifty Metal index of which Steel Authority of India Ltd is a constituent, has risen around 3.65% in last one month and is currently quoting at 2962.1, down 0.69% on the day. The volume in the stock stood at 203.18 lakh shares today, compared to the daily average of 219.06 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 51.15, up 1.39% on the day. Steel Authority of India Ltd is down 40.94% in last one year as compared to a 9.57% spurt in NIFTY and a 18.22% spurt in the Nifty Metal index.
The PE of the stock is 8.54 based on TTM earnings ending March 19.