Steel Authority of India rose 1.83% to Rs 125 at 15:06 IST on BSE on reporting 20.33% rise in net profit to Rs 1835.19 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 128.20 and a low of Rs 121.30 so far during the day. The stock had a 52-week high of Rs 292.50 on 13 December 2007 and a 52-week low of Rs 117.55 on 17 July 2008.
The company has an equity capital of Rs 4130.40 crore. Face value per share is Rs 10.
The current price of Rs 125 discounts its Q4 March 2008 annualised EPS of Rs 23.02, by a PE multiple of 5.42.
Steel Authority of India (Sail)’s total income rose 36.85% to Rs 11421.99 crore in Q1 June 2008 over Q1 June 2007.
Sail is engaged in manufacturing and marketing iron and steel. The group produces both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.
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