Mumbai: Shares of Steel Authority of India Ltd. (SAIL) rallied over 7 percent on Wednesday, October 29, hitting a fresh 52-week high ahead of the company’s second-quarter (Q2 FY25) earnings announcement. The stock climbed to Rs 142 per share during intraday trade and was last seen trading 6.61 percent higher at Rs 140.89 as of 1:46 p.m.

Over the past six months, SAIL’s shares have gained more than 22 percent, buoyed by improved demand sentiment and expectations of steady operational performance despite pricing pressures. Read Also Sensex Soars Over 700 Points, Nifty Crosses 26,000 Mark – Why Indian Markets Are Rising Today |...

Sharp Decline in Profit and Margins Anticipated

Analysts expect a significant contraction in profitability during Q2. Operating profit (EBITDA) is forecast t

See Full Page