S.A.L Steel Ltd (SALSTEEL)

₹21.650%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

S.A.L Steel Ltd share Performance

₹21.65
₹21.65
₹21.65
Day's Volatility:
₹13.8
₹30.45
₹21.65
36.26%
Low
52 Weeks Volatility:76.91%
High
40.65%

Returns %
1 Month Return	+ 14.25 %
3 Month Return	-15.1 %
1 Year Return	+ 30.03 %

Market Stats
Previous Close	₹₹21.65
Open	₹₹21.65
Volume	₹4,418.00
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹183.96Cr

Company Information

SAL Steel Limited is an Indian steel and iron firm based in Gujarat. It produces power, sponge iron, ferro alloys, manganese steel, stainless steel angles and other ferro alloys. Of its total production, 50% of sponge iron is used by Shah Alloys Ltd. and remaining 50% is sold to steel industries and states such as Rajasthan, Haryana, Punjab, and Himachal Pradesh. The company produces 40MW of power from its waste heat recovery boiler and fluidized bed combustion boiler, which it also sells to various customers. The total net saleable production for fiscal 2010 is 69069 metric tonnes of sponge iron, 11973 metric tonnes of ferro chrome and 2933 metric tonnes of silicon manganese. SAL Steel is well situated near the Kandla Port in Gujarat, having secured ties with renowned raw material suppliers and offering the advantages of a busy commercial port and proximity to finished product customers.

Share Price: ₹21.65 per share as on 21 May, 2024 04:01 PM
Market Capitalisation: ₹183.96Cr as of today
Listing date: 24 Nov, 2004
Chairperson Name: Rajendra V Shah

Organisation	S.A.L Steel Ltd
Headquarters	Gandhinagar
Industry	Steel
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Key events for S.A.L Steel Ltd

S.A.L Steel to Raise Funds through Convertible Equity Warrants - 13 May, 2024
The board of S.A.L Steel has approved the raising of funds by issuing up to 48 lakh convertible equity warrants, aggregating up to Rs. 12 crore within 18 months from allotment at Rs. 25 per warrant.
S.A.L Steel Ltd Board to Consider Fundraising - 09 May, 2024
Shares of S.A.L Steel Ltd rose by 5% after the company's board scheduled a meeting to consider and approve fundraising through various modes. The company has witnessed underperforming numbers in recent financial quarters, with operating revenues and profits decreasing. Return ratios have also been on a downward trend. S.A.L Steel is engaged in manufacturing and selling sponge iron and ferroalloys within and outside India.

Fundamentals of S.A.L Steel Ltd

Insights on S.A.L Steel Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Best in 3 Years
In the last 3 years, SALSTEEL has outperformed top 5 stocks with highest market-cap in Iron & Steel
POSITIVE IMPACT
Price Rise
In the last 7 days, SALSTEEL stock has moved up by 5.6%
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 50.56% of holdings in Mar 2024 quarter
NO EFFECT
Retail Holding Unchanged
Retail Investor holdings remained unchanged at 49.44% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, NMDC Ltd has given 166.4% return, outperforming this stock by 136.4%