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SAIL hits 52 –week high |
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Tata Steel was not the only steel stock to have risen on Thursday. Public Sector giant Steel Authority of India (SAIL) touched a 52-week high of Rs 235 on the news that the Central Government has decided to grant Maharatna status to select large PSUs.SAIL was quoting at Rs 82 a year back, and has risen about 15 per cent in the last 15 days. With the steel industry on the upward march, it seems that SAIL investors can look forward to a rise in price in the medium term. |
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