The Steel Authority of India Limited (SAIL), a steel making state-run company in the Corona era, has given huge profits to investors. On Tuesday, SAIL crossed the Rs 50,000 crore market cap in stocks. Stocks climbed over 80 per cent in about a month and a half due to strong earnings expectations and better outlook in the March quarter. Investors have got huge returns in stocks fast. In the stock, the government company has been included in the list of 100 most valuable companies of the country.
SAIL stock reached a new 52-week high of Rs 135.60 in Tuesday’s trade. The stock market rose sharply to Rs 55,529 crore. The company rose to 78th position in the overall market cap ranking due to the market boom.
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