SAIL Share Price Hits 15-Year High On Strong Outlook And FII Buying

Steel Authority of India Limited (SAIL) has witnessed strong momentum in its stock price, supported by improving business outlook and consistent institutional interest.

Stock Hits Multi-Year High

SAIL’s share price surged to ₹177.70, gaining 3% in intra-day trade on the BSE, marking its highest level since January 2011. The stock has rallied more than 14% so far in the previous one month and surpassed its previous high of ₹175.65 recorded in 22nd May 2024.

Operational Performance and Industry Tailwinds

The company reported an EBITDA of approximately ₹4,500 per tonne in Q3FY26, reflecting a relatively modest decline of around ₹660 per tonne quarter-on-quarter, the lowest among domestic steel players. This performance was supported by cost optimisation measures and inventory liquidation. Additionally, domestic steel prices have risen by over ₹5,000 per tonne following the government’s imposition of a 12% safeguard duty in mid-December 2025, which is expected to support profitability, though rising coking coal prices (up ~₹1,500 per tonne QoQ) may partially offset gains.

FII Stake Increase and Shareholding Trend

Foreign institutional investors (FIIs) have increased their stake in SAIL for the fifth consecutive quarter. Their holding rose to 5% in the March 2026 quarter from 4.5% in December 2025, showing a steady increase from 2.6% in December 2024. In contrast, retail shareholding declined consistently from 16.6% in December 2024 to 11.6% by March 2026, indicating a shift in ownership towards institutional investors.

Read More: Nifty Weekly Expiry Today: SAIL Under F&O Ban on April 21, 2026!

SAIL Share Price Performance

 As of 21 April 2026, at 1:25 PM, SAIL share price is trading at ₹175.09 per share, reflecting a surge of 1.38% from the previous closing price.

Conclusion

SAIL’s strong price rally, improving operational efficiency, and sustained FII inflows reflect positive market sentiment around the company. With supportive industry dynamics and pricing recovery, the stock remains in focus, although input cost pressures could influence near-term margins.

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