India's SAIL falls after Q2 profit drop

Steel Authority of India

08/11/2024 03:50

** Shares of Steel Authority of India Ltd (SAIL)  SAIL.NS 
open 6% lower at 116 rupees 
    ** SAIL reported Q2 profit drop on muted demand, steep
decline of steel prices 
    ** Co top pct loser on the Nifty Metal index  .NIFTYMET ,
which is down 0.2% 
    ** YTD stock has fallen 5.5% vs ~18% climb in NIFTYMET 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))