NEW DELHI — Forty-eight million SAIL shares changed hands on Monday, roughly four times what the stock trades on an ordinary day, and none of it had anything to do with Steel Authority of India. The buying was in the commodity, not the company, and SAIL happens to be the most direct way to own a rising steel price on the Indian market.
Steel Authority of India closed Monday, August 24, 2026, at ₹179.65 on the National Stock Exchange, up ₹6.19 or 3.57 percent, the best performance among India’s large metal producers and one of the strongest moves in the Nifty on the day. On the BSE it settled at ₹179.35, up 3.10 percent. The stock opened at ₹174.80, ran to ₹180.96 and held most of it into the close.
The rest of the sector went with it. Hindalco rose 2.37 percent, Tata Steel 1.80 percent and Hindustan Zinc 1.53 percent, against a Nifty 50 that fell 0.14 percent. The Nifty Metal index has gained roughly 16 percent in a month, and the reason is not Indian: steel, copper, aluminium and zinc prices have all been climbing globally, and producers selling at higher realisations collect the difference straight at the margin line.
SAIL Share Price Today: NSE and BSE Close for August 24, 2026
| Measure | NSE · SAIL | BSE · 500113 |
|---|---|---|
| Closing price | ₹179.65 | ₹179.35 |
| Previous close | ₹173.46 | ₹173.95 |
| Change | +₹6.19 (+3.57%) | +₹5.40 (+3.10%) |
| Open | ₹174.80 | ₹174.50 |
| Day’s high | ₹180.96 | ₹181.00 |
| Day’s low | ₹174.71 | ₹174.50 |
| Volume traded | 4.82 crore shares | – |
| 52-week high · low | ₹209.70 · ₹118.10 | |
| Market capitalisation | ₹73,996 crore | |
| Trailing P/E · Price to book | 15.3 · 1.23 | |
| ROCE · ROE | 7.79% · 6.43% | |
| NSE and BSE closing prices for August 24, 2026. BSE figures are from the exchange’s own quote feed, timestamped 16:00 IST. Valuation ratios and market capitalisation are Screener’s. | ||
At ₹179.65 the stock is 14.3 percent below its 52-week high of ₹209.70 and 52.1 percent above the ₹118.10 it traded at a year ago. That second figure is the one that explains Monday’s volume. SAIL has already been one of the best-performing large caps in India over twelve months, and the people buying it now are buying momentum in a commodity, not a re-rating of a business.
Steel Authority of India Stock Code on NSE, BSE and Global Data Feeds
| Exchange or provider | Code | Notes |
|---|---|---|
| NSE (National Stock Exchange) | SAIL | Series EQ. Nifty Metal constituent |
| BSE (Bombay Stock Exchange) | 500113 | Scrip code |
| ISIN | INE114A01011 | Depository identifier. Face value ₹10 |
| Google Finance | NSE:SAIL · BOM:500113 | The exchange-prefixed format Google requires |
| Yahoo Finance | SAIL.NS · SAIL.BO | Suffix marks the exchange |
| A Government of India undertaking under the Ministry of Steel, established on January 24, 1973 and headquartered in New Delhi. The face value of ₹10 is unusual among large Indian companies and is why the share price looks low next to peers. | ||
What SAIL Actually Is: A Leveraged Bet on the Steel Price
Set SAIL beside the other three large metal producers that rose on Monday and its character becomes clear.
| Company | Close (₹) | Change | Return on equity | Price to book |
|---|---|---|---|---|
| Steel Authority of India | 179.65 | +3.57% | 6.43% | 1.23 |
| Hindalco Industries | 1,058.50 | +2.37% | 13.0% | 1.74 |
| Tata Steel | 186.30 | +1.80% | 11.7% | 2.28 |
| Hindustan Zinc | 604.00 | +1.53% | 76.6% | 11.27 |
| Nifty 50 | 24,219.05 | -0.14% | – | – |
| Closing prices for August 24, 2026. Ratios are Screener’s. The ordering of the day’s gains runs almost exactly opposite to the ordering of returns on equity. | ||||
The company that rose most is the company that earns least. SAIL returns 6.43 percent on equity, less than a tenth of what Hindustan Zinc manages, and it trades at 1.23 times book, roughly a ninth of Hindustan Zinc’s multiple. Those two facts are the same fact seen from opposite ends. SAIL is a high-cost, capital-heavy producer whose profits appear and disappear with the steel price, and the market prices it accordingly: near its assets, not near its earnings.
That is exactly why it moves most when steel prices rise. A producer earning thin margins gets proportionally the largest benefit from a price increase, because the increase lands on a smaller base. The same arithmetic works in reverse when prices fall, which is how a stock trading at 1.23 times book got there in the first place.
SAIL Share Price: Levels and the Volume Signal
Monday’s low of ₹174.71 sits almost exactly on Friday’s close, which makes it a clean reference. Above, the day’s high of ₹180.96 is the first hurdle and the 52-week high of ₹209.70 is 16.7 percent beyond that.
| Date | Close (₹) | Change | Volume |
|---|---|---|---|
| August 17, 2026 | 173.60 | +2.41% | 1.09 crore |
| August 18, 2026 | 170.20 | -1.96% | 1.11 crore |
| August 19, 2026 | 172.75 | +1.50% | 1.07 crore |
| August 20, 2026 | 174.90 | +1.24% | 1.41 crore |
| August 21, 2026 | 173.46 | -0.82% | 1.47 crore |
| August 24, 2026 | 179.65 | +3.57% | 4.82 crore |
| NSE closing prices and volumes. Monday’s turnover was more than three times the average of the five preceding sessions. | |||
Volume of 4.82 crore shares against a five-session average nearer 1.2 crore is the part that distinguishes Monday from the drift that preceded it. SAIL had spent a week going nowhere in a ₹170 to ₹175 band. It broke that band on triple the turnover, which is usually institutional rather than retail.
What this article cannot tell you is how long the underlying price move lasts. The Nifty Metal index is up roughly 16 percent in a month on global commodity prices that no Indian producer influences and none can forecast. SAIL published no announcement on Monday and gave no guidance. Its earnings will follow the steel price up if the steel price stays up, and a company returning 6.43 percent on equity at the top of a commodity cycle is not a company with much cushion if it does not.
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