Steel Authority of India cut down 3.08% at Rs. 196.45 at 10:20 IST on BSE subsequent to net profit fall down 34.47% to Rs. 1090.01 crore on 6.6% enhance in net sales to Rs. 10,602.88 crore in Q2 September 2010 in excess of Q2 September 2009.

On Thursday, 28 October 2010 the result was made known during trading hours, when the stock had fallen nearly 5% to Rs. 202.70.

In the meantime, the BSE Sensex was losing 17.48 points, or 0.09%, to 19,923.56.

On BSE, 2.54 lakh shares were operated in the counter as in opposition to an average daily volume of 3.88 lakh shares in the past one quarter.

During the day the stock beat a high of Rs. 201.15 and a low of Rs. 194.50 so far. On 6 April 2010 the stock had hit a 52-week high of Rs. 258.55 and on 4 November 2009 a 52-week low of Rs. 154.50 respectively.

The stock had outperformed the market more than the past one month till 27 October 2010, in advance 2.97% match up to with the Sensex's 0.56% decline. Conversely it had underperformed the market in past one quarter, gaining 2.90% as against 10.66% ascend in the Sensex.