SAIL shines bright

SAIL is a smart gainer today, rising over 6% to Rs.45.50. Its 10% UC for today is at Rs.47.15. Almost 15 lakh shares have changed hands since morning v/s its 2-week average volume of 16.5 lakh shares.

The reason? The company recorded its highest ever monthly sales for Dec’19.

With sales of 1.68 million tonnes in December 2019, the company clocked a growth of 47% over the corresponding period last year.

SAIL posted a jump of 36% (YoY) in sales during November and the company said that it is consistently maintaining the growth momentum in sales.

During the nine months of financial year 2019-2020 (April 2019 to December 2019), SAIL has already supplied 9.25 lakh tonnes of rails to the Indian Railways where the entire supply of rails was 9.85 lakh tonnes during the previous financial year 2018-2019.