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SAIL shares decline after capacity expansion announcement

after close1 source ↓written by the desknot a recommendation

double output
9.8 million tonnes per annum

Shares of Steel Authority of India Limited (SAIL) fell on 20 Nov after the Union Steel Minister announced a capacity expansion plan for the Rourkela Steel Plant, aiming to double output to 9.8 million tonnes per annum. The project, highlighted during the inauguration of a modern facility, is expected to boost regional socio-economic development. 📉

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Nov 2025, 16:05 IST.

Sourcesnews.google.com

The market after the news

SAIL closed −3.0% on the day of the news, from ₹138.19 to ₹134.08; Nifty −0.5% over the same session; futures OI −1.7%.

Bulletin at 16:05 IST on 20 Nov 2025. Every change is measured from ₹138.19, the last close before it, on 20 Nov. Nifty 50 is measured over the same sessions.

  • SAIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
SAIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it118.79138.19157.59axis spans 33%before the news · 20 Nov138.19Nifty 50SAILbulletinD0+1+3+514 Nov26 Nov5 DecFutures open interest, lotspeak 40,000Reference close ₹138.19. 16 sessions from 14 Nov to 5 Dec; the price axis spans 33 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Nov₹138.19basebase
On the day21 Nov₹134.08▼ −3.0%▼ −0.5%−2.5 pp difference
+1 session24 Nov₹132.08▼ −4.4%▼ −0.9%−3.5 pp difference
+3 sessions26 Nov₹136.92▼ −0.9%▲ +0.1%−1.0 pp difference
+5 sessions28 Nov₹134.91▼ −2.4%0.0%−2.4 pp difference
Gap at the open, % · ₹
▼ −0.2%−0.30 on 21 Nov
Day's range, % · ₹
4.3%≈ 6.0 high to low
Volume on the day
0.40×the 20-session average
Futures OI on the day
▼ −1.7%−660 lots · long unwinding · price −3.0%
Futures OI open, lots
38,00021 Nov · 25 Nov expiry
Futures premium, ₹
+0.91+0.7% to spot
Puts per call, by OI
0.91from 0.90 the session before
Max pain
140from 140 the session before

Source NSE UDiFF bhavcopy · SAIL on the desk →

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