Steel Authority Of India (SAIL) shares fell on Thursday after it announced a marginal rise in standalone net profit for the quarter ended March 2014.  During the quarter, the profit of the company rose 1.24% to Rs 4,520.80 million from Rs 4,465.30 million in the same quarter previous year.

Net sales for the quarter rose 9.97% to Rs 135,092.10 million, compared with Rs 122,847 million for the prior year period.

Shares of the company are trading at Rs 87.20, down Rs 3.7, or 4.07% at the Bombay Stock Exchange (BSE) on Thursday at 9:36 a.m.

The scrip has touched an intra-day high of Rs 88.45 and low of Rs 86.50. The total volume of shares traded at the BSE is 369,553.

In the earlier session, the shares declined 2.94%, or Rs 2.75, at Rs 90.90.

Currently, the stock is trading down 13.53% from its 52-week high of Rs 100.85 and above 131.61% over the 52-week low of Rs 37.65.