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Steel Stocks

The steel sector, a cornerstone of various industries, including construction, automotive, and manufacturing, is propelled by technology, operational efficiency, and government initiatives like the PLI scheme. India's significant reserves of iron ore and expanding infrastructure projects promise growth. Before investing, assess global and Indian market outlooks, scrutinise company-specific financials, and align with investment objectives. Angel One offers a convenient platform for investing in steel stocks like JSW Steel and Tata Steel. Consider factors like market cap, growth rate, and financial health when selecting the best steel sector stocks for your investment strategy. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 5.08

0.17 (3.46%)

Volume

91,984

Market Cap

₹11 Cr

52W Low

₹3.26

52W High

₹6.54

LTP

₹ 9.51

0.00 (0.00%)

Volume

12,231

Market Cap

₹5 Cr

52W Low

₹8.26

52W High

₹12.75

LTP

₹ 41.6

1.35 (3.35%)

Volume

16,000

Market Cap

₹100 Cr

52W Low

₹23.65

52W High

₹72.00

LTP

₹ 102.8

2.99 (3.00%)

Volume

6,42,969

Market Cap

₹1,131 Cr

52W Low

₹72.14

52W High

₹151.50

LTP

₹ 193.05

6.07 (3.25%)

Volume

26,26,962

Market Cap

₹2,419 Cr

52W Low

₹147.10

52W High

₹272.00

LTP

₹ 63.7

0.83 (1.32%)

Volume

6,383

Market Cap

₹81 Cr

52W Low

₹53.05

52W High

₹125.90

LTP

₹ 3.5

0.00 (0.00%)

Volume

600

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹3.50

LTP

₹ 3.09

0.10 (3.34%)

Volume

56,857

Market Cap

₹118 Cr

52W Low

₹2.88

52W High

₹30.10

LTP

₹ 1.97

0.05 (2.60%)

Volume

15,318

Market Cap

₹28 Cr

52W Low

₹1.85

52W High

₹5.39

LTP

₹ 6

-0.27 (-4.31%)

Volume

460

Market Cap

₹3 Cr

52W Low

₹4.43

52W High

₹7.52

LTP

₹ 22.22

0.51 (2.35%)

Volume

5,329

Market Cap

₹17 Cr

52W Low

₹18.08

52W High

₹62.65

LTP

₹ 139

-0.70 (-0.50%)

Volume

2,336

Market Cap

₹566 Cr

52W Low

₹86.90

52W High

₹208.20

LTP

₹ 126

-0.80 (-0.63%)

Volume

20,141

Market Cap

₹167 Cr

52W Low

₹73.50

52W High

₹163.70

LTP

₹ 405.75

-4.40 (-1.07%)

Volume

40,463

Market Cap

₹6,424 Cr

52W Low

₹323.15

52W High

₹503.95

LTP

₹ 504.5

0.80 (0.16%)

Volume

672

Market Cap

₹961 Cr

52W Low

₹435.00

52W High

₹774.00

LTP

₹ 193.08

0.90 (0.47%)

Volume

92,931

Market Cap

₹1,309 Cr

52W Low

₹122.23

52W High

₹300.75

LTP

₹ 15.33

-0.38 (-2.42%)

Volume

19,207

Market Cap

₹142 Cr

52W Low

₹10.20

52W High

₹26.77

LTP

₹ 0.6

0.00 (0.00%)

Volume

6,57,502

Market Cap

₹14 Cr

52W Low

₹0.00

52W High

₹0.65

LTP

₹ 51

1.30 (2.62%)

Volume

1,06,178

Market Cap

₹1,119 Cr

52W Low

₹39.36

52W High

₹79.05

LTP

₹ 56

0.74 (1.34%)

Volume

908

Market Cap

₹30 Cr

52W Low

₹50.56

52W High

₹84.65

LTP

₹ 25.45

15.55 (157.07%)

Volume

500

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹26.50

LTP

₹ 146

1.55 (1.07%)

Volume

16,500

Market Cap

₹349 Cr

52W Low

₹64.00

52W High

₹178.80

LTP

₹ 1,408.5

-39.95 (-2.76%)

Volume

18,000

Market Cap

₹1,331 Cr

52W Low

₹1,111.00

52W High

₹2,210.00

LTP

₹ 13.15

0.62 (4.95%)

Volume

100

Market Cap

₹6 Cr

52W Low

₹10.33

52W High

₹13.15

LTP

₹ 222.05

0.50 (0.23%)

Volume

8,320

Market Cap

₹342 Cr

52W Low

₹185.99

52W High

₹459.80

LTP

₹ 285.8

1.45 (0.51%)

Volume

62,859

Market Cap

₹1,964 Cr

52W Low

₹167.00

52W High

₹397.80

LTP

₹ 7.65

0.21 (2.82%)

Volume

1,50,637

Market Cap

₹81 Cr

52W Low

₹6.43

52W High

₹17.48

LTP

₹ 1.55

0.00 (0.00%)

Volume

400

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹1.55

LTP

₹ 22.51

-0.50 (-2.17%)

Volume

6,000

Market Cap

₹28 Cr

52W Low

₹22.51

52W High

₹49.50

LTP

₹ 1,003.4

-52.80 (-5.00%)

Volume

4,411

Market Cap

₹1,334 Cr

52W Low

₹673.35

52W High

₹1,455.00

LTP

₹ 50.2

-4.25 (-7.81%)

Volume

1,600

Market Cap

₹24 Cr

52W Low

₹44.50

52W High

₹89.25

LTP

₹ 0.27

-0.01 (-3.57%)

Volume

500

Market Cap

₹6 Cr

52W Low

₹0.00

52W High

₹0.27

LTP

₹ 766.2

85.20 (12.51%)

Volume

35,43,292

Market Cap

₹16,429 Cr

52W Low

₹288.05

52W High

₹779.80

LTP

₹ 764.95

-2.80 (-0.36%)

Volume

5,922

Market Cap

₹937 Cr

52W Low

₹585.50

52W High

₹929.00

LTP

₹ 0.45

-0.02 (-4.26%)

Volume

700

Market Cap

₹1 Cr

52W Low

₹0.00

52W High

₹0.45

LTP

₹ 225.05

-10.85 (-4.60%)

Volume

1,997

Market Cap

₹128 Cr

52W Low

₹156.00

52W High

₹441.20

LTP

₹ 68.66

2.83 (4.30%)

Volume

54,515

Market Cap

₹344 Cr

52W Low

₹63.19

52W High

₹147.80

LTP

₹ 195.85

1.71 (0.88%)

Volume

16,01,300

Market Cap

₹12,990 Cr

52W Low

₹145.75

52W High

₹253.40

LTP

₹ 1,108.7

-25.70 (-2.27%)

Volume

1,46,370

Market Cap

₹3,770 Cr

52W Low

₹567.75

52W High

₹1,330.00

LTP

₹ 9.73

0.00 (0.00%)

Volume

12,602

Market Cap

₹28 Cr

52W Low

₹6.90

52W High

₹9.73

LTP

₹ 460.2

12.25 (2.73%)

Volume

1,49,816

Market Cap

₹1,391 Cr

52W Low

₹320.35

52W High

₹888.75

LTP

₹ 8.02

-0.16 (-1.96%)

Volume

6,121

Market Cap

₹5 Cr

52W Low

₹5.00

52W High

₹10.98

LTP

₹ 91.12

-1.25 (-1.35%)

Volume

6,07,239

Market Cap

₹1,873 Cr

52W Low

₹84.80

52W High

₹210.85

LTP

₹ 204.94

-1.26 (-0.61%)

Volume

17,599

Market Cap

₹112 Cr

52W Low

₹160.05

52W High

₹246.65

LTP

₹ 40.03

-0.29 (-0.72%)

Volume

158

Market Cap

₹192 Cr

52W Low

₹28.50

52W High

₹63.62

LTP

₹ 8.92

0.42 (4.94%)

Volume

47,97,978

Market Cap

₹338 Cr

52W Low

₹3.17

52W High

₹8.94

LTP

₹ 2,230

23.00 (1.04%)

Volume

11,007

Market Cap

₹3,681 Cr

52W Low

₹1,110.15

52W High

₹2,400.00

LTP

₹ 120.19

0.00 (0.00%)

Volume

10,17,392

Market Cap

₹3,612 Cr

52W Low

₹68.20

52W High

₹157.90

LTP

₹ 114.67

0.53 (0.46%)

Volume

3,70,474

Market Cap

₹10,373 Cr

52W Low

₹99.06

52W High

₹236.00

LTP

₹ 253.5

-0.40 (-0.16%)

Volume

26,500

Market Cap

₹573 Cr

52W Low

₹178.05

52W High

₹456.00

LTP

₹ 50.82

1.40 (2.83%)

Volume

20,11,21,722

Market Cap

₹4,818 Cr

52W Low

₹28.00

52W High

₹55.50

LTP

₹ 562.8

0.00 (0.00%)

Volume

8,30,836

Market Cap

₹13,230 Cr

52W Low

₹360.00

52W High

₹576.90

LTP

₹ 681

3.15 (0.46%)

Volume

3,05,087

Market Cap

₹55,815 Cr

52W Low

₹496.60

52W High

₹803.00

LTP

₹ 980.7

-3.65 (-0.37%)

Volume

9,64,276

Market Cap

₹1,00,346 Cr

52W Low

₹723.35

52W High

₹1,073.70

LTP

₹ 39

0.00 (0.00%)

Volume

90,78,528

Market Cap

₹1,830 Cr

52W Low

₹0.00

52W High

₹39.15

LTP

₹ 1,034

-0.90 (-0.09%)

Volume

17,80,827

Market Cap

₹2,53,068 Cr

52W Low

₹854.15

52W High

₹1,074.90

LTP

₹ 73.09

0.17 (0.23%)

Volume

19,40,799

Market Cap

₹2,784 Cr

52W Low

₹59.77

52W High

₹123.75

LTP

₹ 37.1

-2.70 (-6.78%)

Volume

8,000

Market Cap

₹52 Cr

52W Low

₹32.60

52W High

₹55.00

LTP

₹ 921.7

21.35 (2.37%)

Volume

35,610

Market Cap

₹3,931 Cr

52W Low

₹666.50

52W High

₹1,277.00

LTP

₹ 29.28

-0.19 (-0.64%)

Volume

4,32,301

Market Cap

₹830 Cr

52W Low

₹25.10

52W High

₹67.30

LTP

₹ 9.53

-0.08 (-0.83%)

Volume

81,976

Market Cap

₹301 Cr

52W Low

₹9.10

52W High

₹58.60

LTP

₹ 47.97

-0.02 (-0.04%)

Volume

2,012

Market Cap

₹136 Cr

52W Low

₹24.25

52W High

₹51.88

LTP

₹ 102.2

0.05 (0.05%)

Volume

600

Market Cap

₹220 Cr

52W Low

₹90.50

52W High

₹247.00

LTP

₹ 34.25

-0.25 (-0.72%)

Volume

119

Market Cap

₹122 Cr

52W Low

₹29.20

52W High

₹56.00

LTP

₹ 452.2

0.00 (0.00%)

Volume

2,20,635

Market Cap

₹9,319 Cr

52W Low

₹0.00

52W High

₹477.95

LTP

₹ 238.15

-5.15 (-2.12%)

Volume

19,500

Market Cap

₹345 Cr

52W Low

₹196.05

52W High

₹430.00

LTP

₹ 9.61

0.41 (4.46%)

Volume

2,15,853

Market Cap

₹245 Cr

52W Low

₹7.78

52W High

₹22.98

LTP

₹ 8.49

0.00 (0.00%)

Volume

62

Market Cap

₹4 Cr

52W Low

₹7.59

52W High

₹15.84

LTP

₹ 356.8

-5.10 (-1.41%)

Volume

9,318

Market Cap

₹602 Cr

52W Low

₹100.00

52W High

₹375.00

LTP

₹ 82.51

1.21 (1.49%)

Volume

12,000

Market Cap

₹116 Cr

52W Low

₹50.55

52W High

₹106.00

LTP

₹ 459.25

4.45 (0.98%)

Volume

5,84,045

Market Cap

₹3,058 Cr

52W Low

₹201.55

52W High

₹484.40

LTP

₹ 162.22

2.30 (1.44%)

Volume

5,23,724

Market Cap

₹1,596 Cr

52W Low

₹56.70

52W High

₹171.95

LTP

₹ 65.77

3.13 (5.00%)

Volume

40,015

Market Cap

₹406 Cr

52W Low

₹43.05

52W High

₹77.14

LTP

₹ 73.5

-1.50 (-2.00%)

Volume

1,600

Market Cap

₹185 Cr

52W Low

₹26.25

52W High

₹80.20

LTP

₹ 182.5

-0.50 (-0.27%)

Volume

78,000

Market Cap

₹544 Cr

52W Low

₹126.15

52W High

₹187.00

LTP

₹ 1.83

-0.09 (-4.69%)

Volume

50,950

Market Cap

₹11 Cr

52W Low

₹0.00

52W High

₹2.00

LTP

₹ 69.1

0.06 (0.09%)

Volume

580

Market Cap

₹51 Cr

52W Low

₹63.50

52W High

₹101.00

LTP

₹ 9.58

-0.50 (-4.96%)

Volume

1,824

Market Cap

₹132 Cr

52W Low

₹0.00

52W High

₹9.58

LTP

₹ 18.19

0.81 (4.66%)

Volume

2,131

Market Cap

₹24 Cr

52W Low

₹13.21

52W High

₹36.20

LTP

₹ 31.4

-0.06 (-0.19%)

Volume

4,56,884

Market Cap

₹1,781 Cr

52W Low

₹21.60

52W High

₹64.52

LTP

₹ 146.56

5.22 (3.69%)

Volume

5,82,089

Market Cap

₹2,048 Cr

52W Low

₹84.40

52W High

₹187.68

LTP

₹ 16.43

-0.22 (-1.32%)

Volume

1,121

Market Cap

₹20 Cr

52W Low

₹14.60

52W High

₹25.98

LTP

₹ 51

0.00 (0.00%)

Volume

52

Market Cap

₹28 Cr

52W Low

₹49.40

52W High

₹81.31

LTP

₹ 3.95

0.00 (0.00%)

Volume

13,918

Market Cap

₹0 Cr

52W Low

₹2.90

52W High

₹5.10

LTP

₹ 27.9

-0.60 (-2.11%)

Volume

3,200

Market Cap

₹49 Cr

52W Low

₹23.35

52W High

₹90.00

LTP

₹ 37.39

-0.23 (-0.61%)

Volume

9,64,309

Market Cap

₹11,057 Cr

52W Low

₹32.13

52W High

₹59.59

LTP

₹ 14.5

-0.86 (-5.60%)

Volume

2,881

Market Cap

₹56 Cr

52W Low

₹11.19

52W High

₹27.50

LTP

₹ 1.85

0.00 (0.00%)

Volume

26,878

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.90

LTP

₹ 88.29

-0.70 (-0.79%)

Volume

15,950

Market Cap

₹458 Cr

52W Low

₹42.40

52W High

₹100.66

LTP

₹ 219.4

-11.50 (-4.98%)

Volume

10

Market Cap

₹654 Cr

52W Low

₹0.00

52W High

₹219.40

LTP

₹ 157

0.00 (0.00%)

Volume

2,000

Market Cap

₹118 Cr

52W Low

₹122.85

52W High

₹165.00

LTP

₹ 259

0.00 (0.00%)

Volume

64

Market Cap

₹494 Cr

52W Low

₹135.00

52W High

₹332.00

LTP

₹ 1

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.00

LTP

₹ 235.45

-17.95 (-7.08%)

Volume

15,94,747

Market Cap

₹3,421 Cr

52W Low

₹135.65

52W High

₹265.20

LTP

₹ 178.8

-1.23 (-0.68%)

Volume

3,85,275

Market Cap

₹3,212 Cr

52W Low

₹132.51

52W High

₹237.00

LTP

₹ 5.78

-0.12 (-2.03%)

Volume

2,34,555

Market Cap

₹103 Cr

52W Low

₹5.66

52W High

₹11.11

LTP

₹ 2.68

0.12 (4.69%)

Volume

801

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹2.68

LTP

₹ 0.5

0.00 (0.00%)

Volume

10,213

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹0.50

LTP

₹ 69.8

0.00 (0.00%)

Volume

2,000

Market Cap

₹20 Cr

52W Low

₹60.55

52W High

₹116.00

LTP

₹ 43.39

2.06 (4.98%)

Volume

17,656

Market Cap

₹186 Cr

52W Low

₹3.00

52W High

₹57.95

LTP

₹ 392

1.00 (0.26%)

Volume

25,979

Market Cap

₹1,994 Cr

52W Low

₹260.00

52W High

₹629.25

LTP

₹ 11.02

-0.13 (-1.17%)

Volume

66,20,585

Market Cap

₹1,736 Cr

52W Low

₹8.50

52W High

₹17.55

LTP

₹ 1.3

0.00 (0.00%)

Volume

1,025

Market Cap

₹5 Cr

52W Low

₹0.00

52W High

₹1.30

LTP

₹ 12.5

0.00 (0.00%)

Volume

0

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹12.50

LTP

₹ 33.8

0.09 (0.27%)

Volume

3,230

Market Cap

₹55 Cr

52W Low

₹30.00

52W High

₹59.79

LTP

₹ 28.01

0.01 (0.04%)

Volume

39,516

Market Cap

₹242 Cr

52W Low

₹24.50

52W High

₹97.81

LTP

₹ 141.89

-6.14 (-4.15%)

Volume

5,73,767

Market Cap

₹784 Cr

52W Low

₹115.99

52W High

₹273.97

LTP

₹ 150.36

25.06 (20.00%)

Volume

1,55,000

Market Cap

₹138 Cr

52W Low

₹69.00

52W High

₹150.36

LTP

₹ 16.76

-0.02 (-0.12%)

Volume

14,43,463

Market Cap

₹1,337 Cr

52W Low

₹11.20

52W High

₹24.61

LTP

₹ 82.5

-3.00 (-3.51%)

Volume

19,500

Market Cap

₹71 Cr

52W Low

₹69.85

52W High

₹168.30

LTP

₹ 38.46

0.03 (0.08%)

Volume

23

Market Cap

₹21 Cr

52W Low

₹33.00

52W High

₹64.99

LTP

₹ 35.81

0.27 (0.76%)

Volume

71,320

Market Cap

₹357 Cr

52W Low

₹26.00

52W High

₹75.00

LTP

₹ 15.68

-0.27 (-1.69%)

Volume

54,012

Market Cap

₹136 Cr

52W Low

₹15.50

52W High

₹31.18

LTP

₹ 224.6

-1.25 (-0.55%)

Volume

1,03,000

Market Cap

₹1,053 Cr

52W Low

₹151.00

52W High

₹249.25

LTP

₹ 7.23

0.02 (0.28%)

Volume

42,18,164

Market Cap

₹1,247 Cr

52W Low

₹7.03

52W High

₹23.28

LTP

₹ 127.99

-6.60 (-4.90%)

Volume

1,02,47,376

Market Cap

₹3,965 Cr

52W Low

₹96.25

52W High

₹149.40

LTP

₹ 446.9

0.85 (0.19%)

Volume

2,03,101

Market Cap

₹15,718 Cr

52W Low

₹245.00

52W High

₹563.45

LTP

₹ 119.39

-0.92 (-0.76%)

Volume

2,058

Market Cap

₹164 Cr

52W Low

₹97.50

52W High

₹210.50

LTP

₹ 2.45

0.00 (0.00%)

Volume

4,68,265

Market Cap

₹12 Cr

52W Low

₹0.00

52W High

₹2.55

LTP

₹ 37

0.13 (0.35%)

Volume

8,762

Market Cap

₹216 Cr

52W Low

₹30.00

52W High

₹75.00

LTP

₹ 200.42

10.70 (5.64%)

Volume

6,45,730

Market Cap

₹1,139 Cr

52W Low

₹135.10

52W High

₹230.85

LTP

₹ 59.9

-1.09 (-1.79%)

Volume

16,211

Market Cap

₹124 Cr

52W Low

₹43.30

52W High

₹112.99

LTP

₹ 3.82

0.03 (0.79%)

Volume

22,83,601

Market Cap

₹229 Cr

52W Low

₹2.80

52W High

₹7.37

LTP

₹ 289.95

-0.05 (-0.02%)

Volume

522

Market Cap

₹147 Cr

52W Low

₹235.00

52W High

₹609.80

LTP

₹ 29.42

-0.18 (-0.61%)

Volume

6,669

Market Cap

₹10 Cr

52W Low

₹27.30

52W High

₹45.84

LTP

₹ 202

-0.75 (-0.37%)

Volume

1,884

Market Cap

₹182 Cr

52W Low

₹133.15

52W High

₹294.00

LTP

₹ 64.05

-1.05 (-1.61%)

Volume

6,000

Market Cap

₹125 Cr

52W Low

₹60.15

52W High

₹84.00

LTP

₹ 985.05

-7.10 (-0.72%)

Volume

3,64,471

Market Cap

₹27,631 Cr

52W Low

₹628.25

52W High

₹999.90

LTP

₹ 200.8

0.00 (0.00%)

Volume

1,14,982

Market Cap

₹939 Cr

52W Low

₹0.00

52W High

₹205.30

LTP

₹ 124.05

-1.96 (-1.56%)

Volume

79,31,630

Market Cap

₹52,045 Cr

52W Low

₹99.15

52W High

₹156.35

LTP

₹ 10.84

-0.05 (-0.46%)

Volume

1,18,97,589

Market Cap

₹1,337 Cr

52W Low

₹7.06

52W High

₹15.80

LTP

₹ 1.76

0.08 (4.76%)

Volume

500

Market Cap

₹7 Cr

52W Low

₹0.00

52W High

₹1.76

LTP

₹ 4

0.00 (0.00%)

Volume

3,900

Market Cap

₹2 Cr

52W Low

₹0.00

52W High

₹4.00

LTP

₹ 290.3

7.40 (2.62%)

Volume

2,32,404

Market Cap

₹5,102 Cr

52W Low

₹188.15

52W High

₹322.00

LTP

₹ 374.85

17.85 (5.00%)

Volume

300

Market Cap

₹432 Cr

52W Low

₹233.05

52W High

₹839.00

LTP

₹ 1.42

0.00 (0.00%)

Volume

1,02,899

Market Cap

₹35 Cr

52W Low

₹1.42

52W High

₹3.93

LTP

₹ 355.15

-3.15 (-0.88%)

Volume

21,403

Market Cap

₹658 Cr

52W Low

₹297.25

52W High

₹530.40

LTP

₹ 280

-0.30 (-0.11%)

Volume

4,294

Market Cap

₹320 Cr

52W Low

₹268.50

52W High

₹669.20

LTP

₹ 95.2

-3.10 (-3.15%)

Volume

400

Market Cap

₹152 Cr

52W Low

₹94.90

52W High

₹359.00

LTP

₹ 31.6

-0.30 (-0.94%)

Volume

14,400

Market Cap

₹74 Cr

52W Low

₹30.75

52W High

₹81.00

LTP

₹ 16.32

0.77 (4.95%)

Volume

100

Market Cap

₹8 Cr

52W Low

₹12.31

52W High

₹22.82

LTP

₹ 1,110.55

0.00 (0.00%)

Volume

2,57,937

Market Cap

₹3,508 Cr

52W Low

₹721.00

52W High

₹1,128.80

LTP

₹ 85.35

0.00 (0.00%)

Volume

37,62,138

Market Cap

₹9,354 Cr

52W Low

₹0.00

52W High

₹89.05

LTP

₹ 829.95

0.00 (0.00%)

Volume

97,913

Market Cap

₹3,741 Cr

52W Low

₹556.00

52W High

₹856.45

LTP

₹ 161.35

-0.34 (-0.21%)

Volume

1,46,27,913

Market Cap

₹2,01,859 Cr

52W Low

₹122.62

52W High

₹170.18

LTP

₹ 233.3

0.00 (0.00%)

Volume

28,55,608

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹238.05

LTP

₹ 3,293

35.70 (1.10%)

Volume

7,793

Market Cap

₹7,466 Cr

52W Low

₹2,050.00

52W High

₹3,933.00

LTP

₹ 36.57

1.55 (4.43%)

Volume

23,759

Market Cap

₹58 Cr

52W Low

₹32.50

52W High

₹103.81

LTP

₹ 32.15

0.63 (2.00%)

Volume

10,238

Market Cap

₹41 Cr

52W Low

₹6.42

52W High

₹39.60

LTP

₹ 25.38

0.14 (0.55%)

Volume

10,032

Market Cap

₹75 Cr

52W Low

₹20.92

52W High

₹34.50

LTP

₹ 377.4

-1.10 (-0.29%)

Volume

3,69,681

Market Cap

₹11,513 Cr

52W Low

₹278.55

52W High

₹451.00

LTP

₹ 8.97

-0.01 (-0.11%)

Volume

11

Market Cap

₹4 Cr

52W Low

₹6.02

52W High

₹12.59

LTP

₹ 268.05

3.40 (1.28%)

Volume

1,13,682

Market Cap

₹2,547 Cr

52W Low

₹178.00

52W High

₹322.00

LTP

₹ 53.69

0.00 (0.00%)

Volume

43,401

Market Cap

₹167 Cr

52W Low

₹33.30

52W High

₹73.88

LTP

₹ 1,415.7

-28.30 (-1.96%)

Volume

53,962

Market Cap

₹2,952 Cr

52W Low

₹1,005.30

52W High

₹2,450.35

LTP

₹ 160.7

-1.39 (-0.86%)

Volume

9,193

Market Cap

₹308 Cr

52W Low

₹125.00

52W High

₹298.80

LTP

₹ 545.15

-3.25 (-0.59%)

Volume

6,250

Market Cap

₹1,342 Cr

52W Low

₹291.00

52W High

₹673.70

LTP

₹ 167.9

4.12 (2.52%)

Volume

17,627

Market Cap

₹538 Cr

52W Low

₹135.00

52W High

₹296.70

LTP

₹ 33

0.03 (0.09%)

Volume

2,54,339

Market Cap

₹2,185 Cr

52W Low

₹25.60

52W High

₹55.52

LTP

₹ 0.46

0.02 (4.55%)

Volume

50

Market Cap

₹0 Cr

52W Low

₹0.46

52W High

₹0.46

LTP

₹ 8.63

0.01 (0.12%)

Volume

43,472

Market Cap

₹124 Cr

52W Low

₹5.65

52W High

₹12.50

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About the Steel Sector

Steel, an alloy of iron, boasts remarkable strength and use cases across sectors, from skyscrapers to scalpels. It is iron, infused with a dash of carbon (though less than 2%). Tiny amounts of other elements like chromium can grant it further powers, like resisting rust or becoming super strong. The raw materials that are used in steelmaking include iron ore, metallurgical coal, and scrap steel. Integrated steelmaking is a 2 step process involving:

  1. Blast Furnace (BF)
  2. Basic Oxygen Furnace (BOF)

Blast furnace (BF) uses inputs such as coke, iron ore, sinter, and limestone to produce pig iron. Basic oxygen furnace (BOF), on the other hand, involves further purification of pig iron to produce molten steel or crude steel.

Steel can be used in a variety of sectors such as automobiles, defence, construction, home appliances, machinery, furniture, ship-building, etc. Key drivers of the steel industry are technology, manufacturing method, operational integration, and operating efficiency. The steel industry is quite capital-intensive and has a fairly high fixed-cost base. A steel-maker can control cost by maximising capacity utilisation.

India is the world’s second-largest producer of crude steel. It produced an 125.32 MT of crude steel and 121.29 MT of finished steel in FY23. In October 2021, the Union government announced guidelines for the Production-linked Incentive Scheme (PLI) for speciality steel production. Under the Union Budget 2023-24, the government allocated ₹70.15 crore to the Ministry of Steel.

Future Outlook of the Steel Sector

In a country like India, where the government is going through an expansion phase in infrastructure and defence spending, steel is a vital resource. India’s finished steel consumption is expected to increase to 230 MT by 2030-31 from 119.17 MT in FY23, i.e. at a CAGR of 14.09%. Simultaneously, India’s steel production is estimated to grow 4-7% to 123-127 MT in FY24. India is home to fifth-highest reserves of iron ore in the world. Easy availability of cheap manpower and availability of abundant iron ore reserves make India competitive in the global steel market.

Things To Consider Before Investing in the Steel Sector

  1. Global and Indian steel market outlook: Delve into industry reports and expert projections to understand anticipated growth rates. Focus on companies operating in downstream sectors poised for significant expansion. Remember, external factors like fluctuating raw material costs such as iron ore, can influence profitability.
  2. Company-specific financials: Scrutinise the financial health of potential investments. Analyse profitability, cash flow management, and capital efficiency to gauge their operational robustness.
  3. Mapping the Indian steel market: Identify the major players and their respective market shares.
  4. Investment horizon and objectives: Are you seeking short-term gains or long-term capital appreciation? Choose companies that align with your timeframe. For long-term growth, prioritise businesses with established market positions and robust long-term expansion plans.

How To Invest in Steel Stocks?

Investing in Steel stocks via Angel One is easy. Simply follow these steps:

  1. Log in to your Angel One account.
  2. Click on the search icon and look for your desired Steel stock.
  3. Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  4. To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are Steel sector stocks?

Steel sector stocks represent companies involved in the manufacturing and distribution of steel used across various industries.

What are the top stocks from the Steel sector in terms of market cap?

JSW Steel, Tata Steel, Jindal Steel, SAIL, etc. are some of the biggest Steel sector companies in India with publicly traded stocks.

How to evaluate Steel sector stocks?

You may assess stocks based on financial health through metrics like profitability, debt-to-equity ratio, and operational efficiency. You can also use industrial sector KPIs like throughput, on-time project delivery, capacity utilisation, etc. to assess Steel sector stocks.

Why should you invest in Steel stocks?

The Steel industry in India is set to grow at a CAGR of 14.09%. Hence, you may consider investing in the stocks of a growing sector.

Which are the best Steel sector stocks to invest in?

With a 5 year CAGR of nearly 130% as of February 2, 2024, Jai Balaji Industries is the best steel sector company. As such the top steel sector stock can be selected based on various factors like cash richness, market size, growth rate, etc. Do your own research before deciding which stock is the best for your investment strategy.

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