Small BusinessSAIL up as Q3 net doubles
Steel Authority of India Ltd (SAIL) ended at Rs 220, higher by Rs 3 or 1.6%, on the BSE.
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The stock had opened at Rs 224, and touched a high of Rs 226 and a low of Rs 219 during the day.
The counter saw trades of 15.07 lakh shares as against the two-week average of 9.27 lakh shares.
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Steel Authority of India Ltd (SAIL) has advanced on the back of 100% jump in net profit.
The stock opened at Rs 225 and is now at Rs 222, up 2.5% from its previous close. The counter has clocked volumes of 1.82 lakh shares on the BSE.
The company reported Rs 1,676 crore net profit for the quarter ended December 31 as compared to Rs 843 crore in the corresponding quarter, a year ago.
Revenue for the quarter rose 12 per cent on a year on year basis to Rs 9,880 crore, said a company statement.