News for Steel Authority of India Limited (SAIL.BO)

Tata Steel shares gained 2.33% to Rs 149.85 against the previous close of Rs 146.15. Market cap of the firm rose to Rs 1.86 lakh crore

SAIL's shares rose 10% after reporting a 5% YoY rise in Q3FY25 revenue to Rs 24,490 crore. However, net profit fell 66%, and PAT dropped significantly both YoY and sequentially. Despite weak realizations, the companys cost management was strong. Motilal Oswal maintains a 'Neutral' rating with a revised target price of Rs 115.

SAIL's shares surged 3.5% to Rs 103.65 on BSE post-Q3FY25 results showing a 66% YoY drop in net profit to Rs 142 crore. The revenue from operations increased 5% to Rs 24,490 crore. EBITDA improved slightly to Rs 2,389 crore, though PAT fell 84% versus Q2FY25.

Metal stocks such as Tata Steel, Jindal Steel and Power, Vedanta, NMDC and SAIL are down up to 10% this year. The correction in these metal stocks comes after new US President Donald Trump said he would soon introduce 25 per cent tariffs on steel and aluminium imports into the US. On February 3,  shares of Vedanta, Tata Steel, NMDC, SAIL, Hindalco, Jindal Steel and JSW Steel fell up to 7% after Trump imposed tariffs on China, Canada and Mexico.

Stocks including Eicher Motors, Lupin, MTAR Technologies, Aditya Birla Capital, Nykaa, Bata india, SBFC Finance, Samhi Hotels and more will be in the spotlight on Tuesday, February 11.

Over the past 12 months, high steel imports into India have already dampened prices and earnings of steel producers in India, says Moody’s.

Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets.

Shares of Tata Steel, Jindal Steel, JSW Steel, Jindal Steel and Power, Vedanta, NMDC, SAIL and Hindalco rose up to 5% today after the RBI cut its repo rate for the first time in five years. The RBI cut repo rate by 25 basis points to 6.25% on Friday. A reduction in lending rate is expected to add to demand for loans for infra and the real estate sector.

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

Shares of Vedanta, Tata Steel, NMDC, SAIL, Hindalco, Jindal Steel and JSW Steel fell up to 7% in early deals on Monday after US President Donald Trump imposed tariffs on China, Canada and Mexico, triggering a trade war, which could hamper global economic growth. Trump announced a 10% levy on imports from China. That will take effect from Tuesday. A rising US dollar also weighed on Indian metal stocks as buying raw materials  and finished products from China would become more expensive for buyers. The dollar index rose over 1% to 110 , putting pressure on Indian rupee, which hit a record low of 87 in early deals today.

Tata Steel stock traded at Rs 135.75 against the previous close of Rs 134.65. Jindal Steel and Power stock gained 1.97% at Rs 807.45 against the previous close of Rs 791.85.

Indian benchmark indices underperformed in 2024, but certain sectors like Healthcare and Pharma outperformed, offering investment opportunities in 2025.

The CCEA approved an Rs 11,440 crore revival plan for RINL, including Rs 10,300 crore in fresh equity. RINL aims to achieve peak steel production capacity and liquidate outstanding dues of Rs 35,000 crore. Additionally, the Steel Ministry proposes merging KIOCL with NMDC and considers integrating RINL into SAIL in the future.

Metal Power Analytical specializes in designing and manufacturing cutting-edge analytical instruments and solutions for the metal industry, addressing diverse needs with precision and innovation.

As per industry estimates, Maha Kumbh is expected to boost both nominal and real GDP by over 1 per cent.

To mark the 90th year of its service to the nation, Reserve Bank of India, hosted RBI@90 All India Public Sector Badminton Tournament at Bengaluru from January ...

RITES has been awarded a work order for the "R3Y/ R6Y Repair of WDS6 Locomotives (43 Nos.)" by Steel Authority of India (SAIL) at the Bhilai Steel Plant.RITES also announced yesterday that its subsidiary, REMC, has signed a memorandum of understanding (MoU) with Indian Railway Finance Corporation (IRFC).

The BSE Sensex fell 614 points, or 0.77 per cent to close at 79,330.14. Nifty declined 168.80 points, or 0.7 per cent, to 24,019.85. This is even as 2,136 BSE-listed stocks gained against 1,499 that slid so far.

Indian markets set to open steady, weighing corporate earnings and US rate cut prospects, with Nifty near Thursday's close.