Trending stocks:SAIL shares rise nearly 3%

NEW DELHI: Shares of Steel Authority of India (SAIL) Ltd. traded 2.65 per cent up in Monday's trade at 11:09AM (IST). Around 753,332 shares changed hands on the counter.

The counter opened at Rs 30.55 and touched an intraday high and low of Rs 31.6 and Rs 30.4, respectively, in the session so far. The stock of Steel Authority of India (SAIL) Ltd. quoted a 52-week high of Rs 52.8 and a 52-week low of Rs 20.15.

Total market cap of the Steel Authority of India (SAIL) Ltd. stood at Rs 12783.98 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 16542.48 crore for the quarter ended 31-Dec-2019, up 17.08 per cent from previous quarter's Rs 14128.96 crore and up 4.96 per cent from the year-ago quarter's Rs 15760.18 crore.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 7.21 per cent stake in the firm, while foreign institutional investors held 5.82 per cent and the promoters 75.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 706.69 and a price-to-book ratio of 0.32. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Steel Authority of India (SAIL) Ltd. belongs to the Steel - Integrated industry.