Steel Authority of India gained 4.47% to Rs 89.95 at 09:26 IST on BSE after the company reported net profit of Rs 43.16 crore in Q3 December 2017 as compared to net loss of Rs 794.84 crore in Q3 December 2016.
Meanwhile, the S&P BSE Sensex was down 442.38 points, or 1.29%, to 34,003.21
On the BSE, 10.82 lakh shares were traded in the counter so far, compared with an average volume of 15.33 lakh shares in the past one quarter. The stock had hit a high of Rs 90.95 and a low of Rs 84.40 so far during the day. The stock had hit a 52-week high of Rs 101.40 on 8 January 2018.
The stock had hit a 52-week low of Rs 53 on 28 September 2017.
The large-cap company has an equity capital of Rs 4130.53 crore. Face value per share is Rs 10.
Steel Authority of India (SAIL) reported 35.85% rise in total income to Rs 15443.13 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 8 February 2018.
SAIL is a PSU steel manufacturing company. The Government of India held 75% stake in SAIL (as per the shareholding pattern as on 31 December 2017).
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)