The rally comes despite SAIL remaining under the futures and options (F&O) ban list for the session.
The sharp upmove also marked the stock’s biggest single-day gain since March 2020.
The state-owned steel maker’s stock climbed 14.59% to an intraday high of ₹201.8 on the BSE amid a sharp spike in trading activity.
Volumes remained significantly elevated, with nearly 10.8 crore shares changing hands so far compared to the 20-day average volume of around 1.4 crore shares.
Investor focus has now shifted to the company’s upcoming earnings announcement. SAIL had earlier informed exchanges that its board of directors is scheduled to meet on May 15, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026.
