Steel Authority of India (SAIL) Stock Jumps Over 4% on NSE
NEW DELHI, INDIA – Shares of Steel Authority of India Ltd (SAIL), a major player in the Indian steel industry, posted significant gains on the National Stock Exchange (NSE) during trading on April 15th. As of 2:50:11 PM Indian Standard Time (UTC+5:30), the stock reached ₹112.80 (Indian Rupees).
This price represents a robust increase of 4.12% for the day, equivalent to a gain of +₹4.46 per share. This marks a considerable rise from the previous closing price of ₹108.34, indicating strong positive momentum for the state-owned steel producer.
For US investors monitoring global commodity and industrial stocks, SAIL’s performance offers a snapshot of activity within India’s core economic sectors. The intraday chart shows the stock gapping up significantly at the market open, moving from below ₹110.00 to trade consistently above ₹111.00. It reached an afternoon peak close to ₹113.00 before settling at the current ₹112.80 level.
The trading activity underscores notable investor interest in SAIL shares during the session, pushing the price significantly higher compared to its prior close on the NSE.
