SAIL Soars 8% On Heavy Volumes, Hits 52-Week High Ahead of Q2 FY26 Results

Shares of Steel Authority of India Limited (SAIL) surged sharply on Wednesday, hitting a fresh 52-week high amid heavy trading volumes. 

The rally comes ahead of the company’s Q2 FY26 results announcement, reflecting strong investor optimism over improved steel demand, better pricing environment, and expectations of a recovery in the global steel market.

SAIL Share Price Hits 52-Week High

SAIL shares touched a new 52-week high of ₹143.2, gaining nearly 8% in intra-day trade on the BSE. The counter witnessed a significant surge in trading activity, with combined volumes on the NSE and BSE exceeding 90.3 million shares, representing 2.2% of the company’s total equity.

The stock’s rally pushed it past its previous peak of ₹139.95, recorded on 3 July 2025. Over the past two trading sessions alone, the stock has gained 10%, signalling renewed investor confidence in India’s state-owned steel giant.

Anticipation Builds Ahead Of Q2 FY26 Results

Investor enthusiasm comes as SAIL is set to release its unaudited financial results for the quarter and half year ended 30 September 2025.

Share Price Performance

As of 29 October 2025, 12:11:06 PM, Steel Authority of India Limited traded at ₹140.31, up ₹8.15 or 6.17% from its previous close of ₹132.16. The stock opened at ₹133.37, hit a high of ₹143.27, and a low of ₹133.20.

Read More: Tata Steel To Begin UK Electric Arc Furnace Project In July 2025.

Conclusion

SAIL’s sharp rise to a 52-week high underscores growing optimism surrounding the company’s performance and the broader steel sector’s outlook.

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