New Delhi, Oct. 31 -- The shares of Steel Authority of India Ltd (SAIL) and Jindal Steel Ltd (JSL) have gained 21% and 14%, respectively, so far in 2025, aided by lower imports and the imposition of safeguard duty.

The September quarter (Q2FY26) results of both companies had their share of misses. Even so, Jindal Steel SL is doing better on select parameters.

Take for instance their realizations. SAIL's standalone revenue rose 8% year-on-year to Rs.26,700 crore in Q2FY26, backed by a strong 20% volume jump. However, blended realization fell by 10%, impacted by softer steel prices, with heavy monsoon affecting demand.

On the other hand, JSL's consolidated revenue increased 4% year-on-year in Q2FY26 to Rs.11,686 crore, aided by about 3% ...