InvestorQ : What has been the impact on market cap of SAIL in all this steel rally?
Dawn Cherian made post

What has been the impact on market cap of SAIL in all this steel rally?

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Mitali Bhutta answered.
1 month ago
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Finally, SAIL market cap crossed the Rs.50,000 crore mark after a long time and it was the outcome of the 80% rally in recent times. SAIL rallied on the strength of robust demand for steel from China and better price realizations via LME prices. As a result, SAIL now stands at 78th position in the overall market cap roster list in India.

During the last week, when SAIL stock price crossed Rs.135, it was actually a 10-year peak. SAIL has benefited from growing steel volumes and better prices. SAIL has also strategically focused on cost cutting, efficient working capital management, tweaking inventory levels as well as reducing debt in the balance sheet.

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