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Domestic demand saves the day for SAIL in Dec quarter
Mint Mumbai
|February 14, 2025
Sharp rebound
Steel Authority of India Ltd's (SAIL) shares have risen 9% in the past two trading days as the Q3FY25 results did not disappoint in an otherwise weak market for metal stocks.
Metal stocks are under pressure as US president Donald Trump has imposed a 25% duty on all steel and aluminum imports from 12 March.
Moreover, the SAIL stock was near lows, hitting a new 52-week low of ₹99.15 apiece on Tuesday. Its consolidated Q3 Ebitda at ₹2,030 crore, falling 5.3% year-on-year (y-o-y), yet better than the 40% decline in Q2.
Esta historia es de la edición February 14, 2025 de Mint Mumbai.
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