New Delhi — Shares of Steel Authority of India Ltd. (SAIL) were among the most actively traded on the market today, with a robust 20.65 million shares changing hands and a total traded value of approximately ₹2,864.31 crore.
The stock opened at ₹136.49 and climbed to an intraday high of ₹141.75, marking a 2.78% gain, before touching a low of ₹134.66, down 2.36% at its weakest point. By the afternoon session, SAIL was trading at ₹139.91, just 2% shy of its 52-week high of ₹143.27.
Market analysts note that SAIL has outperformed its sector peers, recording a 1.93% one-day gain, compared to a 1.28% rise in the broader metal sector and a marginal 0.05% uptick in the Sensex. The stock continues to trade above its key 5-, 20-, 50-, 100-, and 200-day moving averages, signaling sustained bullish momentum.
However, despite the positive price movement, investor participation has softened, with delivery volumes on November 6 plunging 69.5% below the five-day average. Analysts suggest this may indicate short-term profit booking after the recent rally.
Even so, liquidity remains strong, with SAIL capable of supporting trades of up to ₹7.67 crore, consistent with its mid-cap market capitalization of ₹56,051 crore within the ferrous metals industry.
Overall, today’s session underscores SAIL’s resilient trading activity and technical strength, as investors continue to bet on India’s steel demand recovery and infrastructure growth.
