SAIL shares surge 4% to 15-month high on stronger steel demand and positive outlook

Steel Authority of India Ltd (SAIL) advanced 4 % to a 15-month high following upbeat sentiment in the domestic steel market. Rising infrastructure activity, government capex, and export orders improved demand visibility. The company’s performance was aided by operational efficiencies and softening raw-material prices. Analysts noted that sustained pricing discipline among global steelmakers and easing Chinese oversupply risks added momentum. SAIL’s trading volume spiked 2.5 times above average as institutional investors accumulated positions ahead of quarterly results expected to reflect margin improvement and continued profitability recovery in FY25-26.