Steel Authority of India Ltd Share Price – NSE  / BSE

Steel, Small Cap

Steel Authority of India Ltd fell 0.9% today to trade at Rs 153.75. The BSE Metal index is down 0.22% to quote at 37731.98. The index is down 4.71 % over last one month. Among the other constituents of the index, Jindal Steel Ltd decreased 0.76% and Hindalco Industries Ltd lost 0.66% on the day. The BSE Metal index went up 32.62 % over last one year compared to the 2.5% fall in benchmark SENSEX.

Steel Authority of India Ltd has lost 1.63% over last one month compared to 4.71% fall in BSE Metal index and 6.89% drop in the SENSEX. On the BSE, 4035 shares were traded in the counter so far compared with average daily volumes of 16.3 lakh shares in the past one month. The stock hit a record high of Rs 168.15 on 02 Mar 2026. The stock hit a 52-week low of Rs 101.2 on 09 Apr 2025.

Consequently, he has also ceased to be a member of the SAIL Board.

In the interim, Krishna Kumar Singh, Director (Personnel) at SAIL, has been given additional charge of the post of chairman and managing director for a period of three months, from 2 April 2026, to 1 July 2026, or until a regular incumbent is appointed, whichever is earlier.

The move comes in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring timely disclosure of board-level changes.

Steel Authority of India is engaged primarily in steel manufacturing business in the country.

The company?s consolidated net profit soared 189.2% to Rs 374.03 crore on 11.8% rise in revenue from operations to Rs 27,371.42 crore in Q3 FY26 over Q3 FY25.

Steel Authority of India (SAIL) announced that Amarendu Prakash, Chairman and Managing Director of the company has resigned with effect from 01 April 2026.

Further, in terms of the Order of the Government of India, Ministry of Steel, Krishna Kumar Singh, Director (Personnel), SAIL has been given the additional charge of the post of Chairman and Managing Director, SAIL for a period of 3 months from 2 April 2026 to 01 July 2026.

The domestic equity benchmarks ended with sharp losses today due to negative global signals. Rising geopolitical tensions in the Middle East raised concerns about potential disruptions to energy supplies and their impact on global economic growth.

Investor sentiment also remained cautious amid a weakening rupee and a spike in market volatility, with the volatility index surging over 17%. Participants largely maintained a risk-off stance, prioritizing capital protection. The Nifty ended below the 22,600 mark.

All the sectoral indices on the NSE were traded in red led by losses in consumer durables, metals, and realty stocks.

As per provisional closing data, the barometer index, the S&P BSE Sensex tanked 1,836.57 points or 2.46% to 72,696.39. The Nifty 50 index plunged 601.85 points or 2.60% to 22,512.65.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index dropped 3.81% and the BSE 250 SmallCap Index slipped 3.86%.

The market breadth was weak. On the BSE, 642 shares rose and 3,790 shares fell. A total of 136 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 17.17% to 26.73.

The rupee weakened to a record low of 94.10 against the dollar, compared with its previous close of 93.5350, pressured by rising geopolitical tensions in the Middle East and concerns over energy supply disruptions.

US-Iran Warfare

The ongoing conflict in the Middle East continues to intensify, keeping global investors cautious as the war enters its fourth week, raising concerns about energy security and global economic stability.

An attack on Iran's southern coast and islands will lead to Gulf routes being cut with the laying of sea mines, the country's Defence Council said on Monday according to media reports.

According to the chief of the International Energy Agency (IEA), nearly 40 energy assets ?severely damaged' in conflict; warns of ?worst? crisis.

Meanwhile, Donald Trump warned the US will ?obliterate? Iran?s power plants if it doesn?t fully open the Strait of Hormuz within 48 hours, In response, Iran stated that any such military action would be met with retaliatory strikes targeting U.S. and Israeli energy and infrastructure facilities in the region.

New Listing:

Shares of Innovision ended at Rs 372.80 on the BSE, representing a discount of 28.17% as compared with the issue price of Rs 519.

The stock debuted at Rs 466, marking a discount of 10.21% to the issue price.

The stock has hit a high of Rs 468.50 and a low of Rs 372.80. On the BSE, over 4.30 lakh shares of the company were traded in the counter.

IPO Update

The initial public offer (IPO) of Central Mine Planning & Design Institute received bids for 1,98,79,760 shares as against 7,97,89,500 shares on offer, according to stock exchange data at 15:36 IST on Monday (23 March 2026). The issue was subscribed 0.25 times.

The issue opened for bidding on 20 March 2026 and it will close on 24 March 2026. The price band of the IPO is fixed between Rs 163 and 172 per share.

Buzzing Index:

The Nifty Consumer Durables index slipped 5.17% to 32,945.80. The index jumped 0.72% in the past trading session.

Kajaria Ceramics (down 6.87%), Titan Company (down 6.55%), Whirlpool of India (down 6.23%), Bata India (down 6.12%), Voltas (down 5.53%), Amber Enterprises India (down 5.49%), Blue Star (down 5.12%), Kalyan Jewellers India (down 5.03%), Dixon Technologies (India) (down 4.33%) and Crompton Greaves Consumer Electricals (down 4.09%) tumbled.

Stocks in Spotlight:

DCX Systems surged 4.72% after the company secured an order worth Rs 563.45 crore from a domestic customer for the manufacture and supply of maritime patrol radar systems (MPR) for airborne applications.

Airfloa Rail Technology slipped 5.01%. The company said that it has secured a Rs 22.91 crore contract from BEML for supplying lighting systems for metro coaches under Phase II of the Chennai Metro Rail Project.

Waaree Energies dropped 3.28%. The company announced a top-level management reshuffle, appointing Jignesh Devchandbhai Rathod as whole-time director and chief executive officer (CEO) and Abhishek Pareek as chief financial officer (CFO), both effective 21 March 2026.

Ashok Leyland fell 4.03%. The company announced that the company has approved an investment of up to GBP 30 million (approximately Rs 375 crore) in its UK-based subsidiary, Optare Plc, to be made as equity in one or more tranches.

Monarch Surveyors and Engineering Consultants dropped 2.67%. The company said that it has secured a consultancy contract from the National Highways Authority of India (NHAI) for preparation of a Detailed Project Report (DPR) for a six-lane road project in Haryana.

Piramal Finance lost 2.55%. The company announced that its board of directors will meet on Friday, 27 March 2026, to consider and approve a proposal for raising funds through the issuance of non-convertible debentures (NCDs) on a private placement basis.

Global Market:

European market declined and Asian markets ended sharply lower on Monday, as investors fled risk assets amid escalating conflict in the Middle East that has entered its fourth week.

President Donald Trump said on Saturday that he would ?obliterate? Iran?s power plants if Tehran failed to fully reopen the Strait of Hormuz ? a vital artery for global energy flows ? within 48 hours.

Iran pushed back, threatening to target energy infrastructure and desalination facilities in the Gulf if the U.S. carries out its ultimatum.

Singapore?s core inflation jumped to 1.4% in February 2026 from a year earlier, official data showed on Monday.

Overnight in the U.S., the Dow Jones Industrial Average declined 0.96% to close at 45,577.47 and the S&P 500 fell 1.51% to end at 6,506.48 while the Nasdaq Composite futures pulled back by 2% to end at 21,647.611.

The three major indices ended last week lower, with the S&P 500 declining by more than 1.5% and falling below its 200-day moving average for the first time since May. The Dow, which saw its first four-week losing streak since 2023, and the Nasdaq each fell around 2% for the week.

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