{"id":328001,"date":"2026-10-27T11:37:29","date_gmt":"2026-10-27T06:07:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328001"},"modified":"2026-10-27T11:37:29","modified_gmt":"2026-10-27T06:07:29","slug":"why-scanstl-share-lower-circuit-consecutive-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/","title":{"rendered":"Scan Steels Ltd. Hits Lower Circuit for the 2nd Straight Session on BSE, 27 October 2026"},"content":{"rendered":"<p>Within the Iron &amp; Steel space on BSE, <a href=\"https:\/\/univest.in\/stocks\/scanstl\/scan-steels-ltd-share-price-today\">Scan Steels Ltd.<\/a> (SCANSTL) is the name sitting at its price floor on 27 October 2026, and the Scan Steels lower circuit streak now stands at 2 sessions. The stock touched Rs 41.52, down 4.99% from the previous close of Rs 43.7, and was locked at that level when the data was captured.<\/p>\n<p>No peer figures are used here, so the comparison with other Steel &amp; Iron Products names stays a matter of context rather than measurement. The company&#8217;s market cap was Rs 265.46 crore.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Key_Takeaways\" title=\"Key Takeaways\">Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Key_Market_Data\" title=\"Key Market Data\">Key Market Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Price_Action_and_Trading_Activity\" title=\"Price Action and Trading Activity\">Price Action and Trading Activity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#The_Scan_Steels_Lower_Circuit_Streak_So_Far\" title=\"The Scan Steels Lower Circuit Streak So Far\">The Scan Steels Lower Circuit Streak So Far<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Why_Scan_Steels_Ltd_Hit_Lower_Circuit\" title=\"Why Scan Steels Ltd. Hit Lower Circuit\">Why Scan Steels Ltd. Hit Lower Circuit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_the_Scan_Steels_Lower_Circuit_Means\" title=\"What the Scan Steels Lower Circuit Means\">What the Scan Steels Lower Circuit Means<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Scan_Steels_Ltd_Fundamentals_and_Valuation\" title=\"Scan Steels Ltd. Fundamentals and Valuation\">Scan Steels Ltd. Fundamentals and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Peer_and_Sector_Context\" title=\"Peer and Sector Context\">Peer and Sector Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Technical_Snapshot\" title=\"Technical Snapshot\">Technical Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_Readers_Should_Know\" title=\"What Readers Should Know\">What Readers Should Know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Why_did_Scan_Steels_Ltd_hit_lower_circuit_on_27_October_2026\" title=\"Why did Scan Steels Ltd. hit lower circuit on 27 October 2026?\">Why did Scan Steels Ltd. hit lower circuit on 27 October 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#How_many_sessions_has_Scan_Steels_Ltd_hit_lower_circuit_in_a_row\" title=\"How many sessions has Scan Steels Ltd. hit lower circuit in a row?\">How many sessions has Scan Steels Ltd. hit lower circuit in a row?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_was_SCANSTL_share_price_on_27_October_2026\" title=\"What was SCANSTL share price on 27 October 2026?\">What was SCANSTL share price on 27 October 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_was_the_lower_circuit_price_for_SCANSTL\" title=\"What was the lower circuit price for SCANSTL?\">What was the lower circuit price for SCANSTL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_is_Scan_Steels_Ltds_market_cap_and_PE_ratio\" title=\"What is Scan Steels Ltd.&#8217;s market cap and PE ratio?\">What is Scan Steels Ltd.&#8217;s market cap and PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Which_exchange_and_data_source_were_used\" title=\"Which exchange and data source were used?\">Which exchange and data source were used?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Does_hitting_a_lower_circuit_mean_Scan_Steels_Ltd_is_a_buy_or_a_sell\" title=\"Does hitting a lower circuit mean Scan Steels Ltd. is a buy or a sell?\">Does hitting a lower circuit mean Scan Steels Ltd. is a buy or a sell?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#Can_you_buy_or_sell_Scan_Steels_Ltd_shares_when_the_stock_is_at_the_lower_circuit\" title=\"Can you buy or sell Scan Steels Ltd. shares when the stock is at the lower circuit?\">Can you buy or sell Scan Steels Ltd. shares when the stock is at the lower circuit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_happens_the_next_trading_session_after_a_lower_circuit\" title=\"What happens the next trading session after a lower circuit?\">What happens the next trading session after a lower circuit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/why-scanstl-share-lower-circuit-consecutive-2026\/#What_is_the_lower_circuit_limit_set_at_for_Indian_stocks\" title=\"What is the lower circuit limit set at for Indian stocks?\">What is the lower circuit limit set at for Indian stocks?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span><strong>Key Takeaways<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Scan Steels Ltd. (SCANSTL) hit the lower circuit on BSE at Rs 41.52 on 27 October 2026.<\/li>\n<li>The session move was -4.99% against a previous close of Rs 43.7.<\/li>\n<li>Market capitalisation stood at Rs 265.46 crore with a PE ratio of 10.72.<\/li>\n<li>This is the 2nd straight session at the lower circuit, with the run starting on 26 October 2026.<\/li>\n<li>A price band is an exchange trading rule, not a view on the company or a recommendation.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_Market_Data\"><\/span><strong>Key Market Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Stock<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/scanstl\/scan-steels-ltd-share-price-today\">Scan Steels Ltd.<\/a><\/td>\n<\/tr>\n<tr>\n<td>Current Price \/ LTP<\/td>\n<td>Rs 41.52<\/td>\n<\/tr>\n<tr>\n<td>Day Move<\/td>\n<td>-4.99%<\/td>\n<\/tr>\n<tr>\n<td>Previous Close<\/td>\n<td>Rs 43.7<\/td>\n<\/tr>\n<tr>\n<td>Day Open<\/td>\n<td>Rs 42.01<\/td>\n<\/tr>\n<tr>\n<td>Day High<\/td>\n<td>Rs 43.14<\/td>\n<\/tr>\n<tr>\n<td>Day Low<\/td>\n<td>Rs 41.52<\/td>\n<\/tr>\n<tr>\n<td>Lower Circuit Price<\/td>\n<td>Rs 41.52<\/td>\n<\/tr>\n<tr>\n<td>Lower Circuit Limit<\/td>\n<td>Rs 41.52<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 265.46 crore<\/td>\n<\/tr>\n<tr>\n<td>Selected Exchange<\/td>\n<td>BSE<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio<\/td>\n<td>10.72<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>All figures above are as of 27 October 2026, sourced from Univest market data for the BSE listing. Only fields present in the source for this session are shown.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Price_Action_and_Trading_Activity\"><\/span><strong>Price Action and Trading Activity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock opened at Rs 42.01 on BSE against a previous close of Rs 43.7. It then moved within a band of Rs 41.52 to Rs 43.14, and the low of Rs 41.52 is the same price at which it hit the lower circuit.<\/p>\n<p>The absolute fall for the day was Rs 2.18, or -4.99% in percentage terms. Every figure here comes from BSE alone, since price bands, day ranges and previous-close values can differ from one exchange to another, and mixing venues would make the numbers hard to compare. The lower circuit limit recorded for the session was Rs 41.52.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Scan_Steels_Lower_Circuit_Streak_So_Far\"><\/span><strong>The Scan Steels Lower Circuit Streak So Far<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is session 2 of an unbroken run for Scan Steels Ltd. The streak began on 26 October 2026, from a base price of Rs 46. Across the run the stock has moved -9.74% in total.<\/p>\n<p>A repeated lower circuit matters more than a single one. It says the order book has stayed one-sided across multiple sessions rather than reacting to a single day of news, and for anyone holding the stock it means the price on screen has been hard to trade at for several days running.<\/p>\n<p>This page is the running record for the streak and is updated each session rather than being replaced by a fresh article. That keeps one address for the event instead of splitting the same story across competing pages.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Scan_Steels_Ltd_Hit_Lower_Circuit\"><\/span><strong>Why Scan Steels Ltd. Hit Lower Circuit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Selling pressure took Scan Steels Ltd. down to the edge of its exchange-defined price band, which is how the lower circuit was triggered. At the time of writing, there was no official company announcement or verified outside catalyst on record, so the fall is best read through price action and market mood rather than any stated event.<\/p>\n<p>Without a confirmed trigger, this article does not tie the move to results, a corporate action, sector developments or market talk. Should a confirmed disclosure emerge later, it belongs in a separate update.<\/p>\n<p>The lowest level the stock reached in the session was Rs 41.52.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_the_Scan_Steels_Lower_Circuit_Means\"><\/span><strong>What the Scan Steels Lower Circuit Means<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A lower circuit marks the lowest price a stock may touch in a session under the price band set by its exchange. For Scan Steels Ltd., the lower circuit price captured on 27 October 2026 was Rs 41.52.<\/p>\n<p>Such bands exist to dampen extreme swings and keep trading orderly. They describe market structure and carry no forecast about returns. Here, the circuit simply records what took place in the session and the point at which the band was reached.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Scan_Steels_Ltd_Fundamentals_and_Valuation\"><\/span><strong>Scan Steels Ltd. Fundamentals and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Price action tells only part of the story, so the available market data adds some depth. Scan Steels Ltd., which operates in Iron &amp; Steel under Steel &amp; Iron Products, had a PE ratio of 10.72 and a PB ratio of 0.56, with book value at Rs 77.71 and EPS at 4.08, on a market cap of Rs 265.46 crore. These are reference indicators only and do not amount to a buy, sell or hold view.<\/p>\n<p>A peer comparison would need matching ratios for similar steel companies, and none are set out here. A sharp one-day fall can draw attention, yet valuation and returns still need to be studied on their own terms, apart from the price event.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Peer_and_Sector_Context\"><\/span><strong>Peer and Sector Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Scan Steels Ltd. belongs to the Steel &amp; Iron Products industry within the Iron &amp; Steel sector. The peer table below uses available companies from the same sector or industry to give broader valuation context.<\/p>\n<table>\n<tbody>\n<tr>\n<th>Peer Company<\/th>\n<th>Market Cap<\/th>\n<th>PE<\/th>\n<th>PB<\/th>\n<th>ROE<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/aonesteels\/a-share-price-today\">A-ONE STEELS INDIA LTD<\/a><\/td>\n<td>Rs 2855.37 crore<\/td>\n<td>22.57<\/td>\n<td>2.3<\/td>\n<td>16.65%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/welsplsol\/welspun-specialty-solutions-ltd-share-price-today\">Welspun Specialty Solutions Ltd.<\/a><\/td>\n<td>Rs 2822.06 crore<\/td>\n<td>195.7<\/td>\n<td>6.17<\/td>\n<td>5.31%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/jtlind\/jtl-industries-ltd-share-price-today\">JTL Industries Ltd<\/a><\/td>\n<td>Rs 2820.75 crore<\/td>\n<td>24.59<\/td>\n<td>2.03<\/td>\n<td>8.58%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/ratnaveer\/ratnaveer-precision-engineering-ltd-share-price-today\">Ratnaveer Precision Engineering Ltd.<\/a><\/td>\n<td>Rs 2789.29 crore<\/td>\n<td>43.38<\/td>\n<td>2.67<\/td>\n<td>12.81%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/mahasteel-be\/mahamaya-steel-industries-ltd-share-price-today\">Mahamaya Steel Industries Ltd.<\/a><\/td>\n<td>Rs 2446.92 crore<\/td>\n<td>244.94<\/td>\n<td>15.21<\/td>\n<td>6.24%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Several of these peers are far larger by market capitalisation than Scan Steels Ltd. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.<\/p>\n<p>Scan Steels Ltd.&#8217;s PE ratio was 10.72, compared with an available peer PE average of 106.24, calculated from the 5 peer companies that had a PE on record. This comparison is a valuation reference point, not a recommendation.<\/p>\n<div class=\"univest-cta\" style=\"border:1px solid #dbe7f3;background:#f8fbff;padding:18px 22px;border-radius:8px;margin:24px 0;\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\">Log in to Univest<\/a> for more stock insights.<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Snapshot\"><\/span><strong>Technical Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technical snapshot adds context: RSI was 72.59, the 50-day moving average was 50.27 and the 200-day moving average was 48.78.<\/p>\n<p>Worth flagging: the RSI reading sits on the opposite side of neutral to the day move. Indicator values in the dataset can lag the live session, so they should be checked against a live chart before being relied on.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Readers_Should_Know\"><\/span><strong>What Readers Should Know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The one firmly confirmed fact is that Scan Steels Ltd. hit the lower circuit on BSE at Rs 41.52 on 27 October 2026, a day move of -4.99%.<\/p>\n<p>Two limits apply after a session like this. The first is execution: sellers line up at the band while buyers are scarce, so an exit at the quoted price may not be possible. The second is that no official catalyst was confirmed at the time of writing.<\/p>\n<p>A lower circuit event is best treated as a market update and not as a finished investment conclusion. The band points to heavy selling pressure in the near term, and any follow-up work should weigh the business, valuation, liquidity, risk and confirmed company disclosures, along with how the stock compares with others in its sector.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Scan_Steels_Ltd_hit_lower_circuit_on_27_October_2026\"><\/span><strong>Why did Scan Steels Ltd. hit lower circuit on 27 October 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock reached its lower price band after selling pressure during the session. No official company announcement or verified external catalyst was confirmed at the time of writing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_sessions_has_Scan_Steels_Ltd_hit_lower_circuit_in_a_row\"><\/span><strong>How many sessions has Scan Steels Ltd. hit lower circuit in a row?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is session 2 of the current run, which began on 26 October 2026. This page is updated each session rather than replaced with a new article.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_SCANSTL_share_price_on_27_October_2026\"><\/span><strong>What was SCANSTL share price on 27 October 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The last traded price used in this article was Rs 41.52 on BSE. That price matched the lower circuit price captured for the event.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_the_lower_circuit_price_for_SCANSTL\"><\/span><strong>What was the lower circuit price for SCANSTL?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The lower circuit price was Rs 41.52. The stated exchange lower circuit limit was Rs 41.52. The event numbers in this article are aligned to BSE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Scan_Steels_Ltds_market_cap_and_PE_ratio\"><\/span><strong>What is Scan Steels Ltd.&#8217;s market cap and PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Scan Steels Ltd.&#8217;s market cap was Rs 265.46 crore. PE ratio was 10.72.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_exchange_and_data_source_were_used\"><\/span><strong>Which exchange and data source were used?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The selected exchange was BSE. The article uses Univest market data available at the time of generation, captured on 27 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_hitting_a_lower_circuit_mean_Scan_Steels_Ltd_is_a_buy_or_a_sell\"><\/span><strong>Does hitting a lower circuit mean Scan Steels Ltd. is a buy or a sell?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No. A circuit is an exchange price-band rule that caps how far a stock can move in a single session. It carries no view on valuation or business quality and is not a recommendation. Any decision should rest on fundamentals, valuation, liquidity and your own risk tolerance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_you_buy_or_sell_Scan_Steels_Ltd_shares_when_the_stock_is_at_the_lower_circuit\"><\/span><strong>Can you buy or sell Scan Steels Ltd. shares when the stock is at the lower circuit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is usually difficult. At the lower circuit, sell orders queue up with few buyers, so exiting at the quoted price may not be possible. Orders can stay unfilled until buying interest returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_the_next_trading_session_after_a_lower_circuit\"><\/span><strong>What happens the next trading session after a lower circuit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is no fixed outcome. The band resets each session, so the stock can open freely, hit the same band again, or reverse. The exchange can also revise the applicable band width. The useful signals to watch are whether the company files any disclosure explaining the move.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_lower_circuit_limit_set_at_for_Indian_stocks\"><\/span><strong>What is the lower circuit limit set at for Indian stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Exchange price bands are commonly set at 2%, 5%, 10% or 20% depending on the security, and the applicable band can be revised by the exchange. For Scan Steels Ltd. the stated limit was Rs 41.52. For this session, Scan Steels Ltd. moved -4.99%.<\/p>\n<div style=\"background:#d32f2f;color:#ffffff;padding:16px 20px;border-radius:6px;margin:24px 0;\">\n<p style=\"color:#ffffff;margin:0;\"><strong>Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Uniresearch Global Pvt. Ltd. (Research Analyst, SEBI Registration Number INH000013776), a subsidiary of Univest Communication Technologies Private Limited.<\/p>\n<\/div>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"headline\":\"Scan Steels Ltd. Hits Lower Circuit for the 2nd Straight Session on BSE, 27 October 2026\",\"description\":\"Scan Steels lower circuit streak on BSE on 27 October 2026: the stock was locked at Rs 41.52, a -4.99% move. Price action, valuation and peer context.\",\"datePublished\":\"2026-10-27T06:07:13.409Z\",\"dateModified\":\"2026-10-27T06:07:13.409Z\",\"inLanguage\":\"en-IN\",\"articleSection\":\"Stock Market News\",\"keywords\":\"Scan Steels lower circuit streak, Scan Steels Ltd. share price, SCANSTL lower circuit, lower circuit stocks today\",\"author\":{\"@type\":\"Organization\",\"name\":\"Univest\",\"url\":\"https:\/\/univest.in\"},\"publisher\":{\"@type\":\"Organization\",\"name\":\"Univest\",\"url\":\"https:\/\/univest.in\"},\"about\":{\"@type\":\"Corporation\",\"name\":\"Scan Steels Ltd.\",\"tickerSymbol\":\"SCANSTL\",\"industry\":\"Steel & Iron Products\",\"url\":\"https:\/\/univest.in\/stocks\/scanstl\/scan-steels-ltd-share-price-today\"},\"mentions\":[{\"@type\":\"Corporation\",\"name\":\"A-ONE STEELS INDIA LTD\"},{\"@type\":\"Corporation\",\"name\":\"Welspun Specialty Solutions Ltd.\"},{\"@type\":\"Corporation\",\"name\":\"JTL Industries Ltd\"},{\"@type\":\"Corporation\",\"name\":\"Ratnaveer Precision Engineering Ltd.\"},{\"@type\":\"Corporation\",\"name\":\"Mahamaya Steel Industries Ltd.\"}],\"citation\":[]},{\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did Scan Steels Ltd. hit lower circuit on 27 October 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock reached its lower price band after selling pressure during the session. No official company announcement or verified external catalyst was confirmed at the time of writing.\"}},{\"@type\":\"Question\",\"name\":\"How many sessions has Scan Steels Ltd. hit lower circuit in a row?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This is session 2 of the current run, which began on 26 October 2026. This page is updated each session rather than replaced with a new article.\"}},{\"@type\":\"Question\",\"name\":\"What was SCANSTL share price on 27 October 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The last traded price used in this article was Rs 41.52 on BSE. That price matched the lower circuit price captured for the event.\"}},{\"@type\":\"Question\",\"name\":\"What was the lower circuit price for SCANSTL?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The lower circuit price was Rs 41.52. The stated exchange lower circuit limit was Rs 41.52. The event numbers in this article are aligned to BSE.\"}},{\"@type\":\"Question\",\"name\":\"What is Scan Steels Ltd.'s market cap and PE ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Scan Steels Ltd.'s market cap was Rs 265.46 crore. PE ratio was 10.72.\"}},{\"@type\":\"Question\",\"name\":\"Which exchange and data source were used?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The selected exchange was BSE. The article uses Univest market data available at the time of generation, captured on 27 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"Does hitting a lower circuit mean Scan Steels Ltd. is a buy or a sell?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. A circuit is an exchange price-band rule that caps how far a stock can move in a single session. It carries no view on valuation or business quality and is not a recommendation. Any decision should rest on fundamentals, valuation, liquidity and your own risk tolerance.\"}},{\"@type\":\"Question\",\"name\":\"Can you buy or sell Scan Steels Ltd. shares when the stock is at the lower circuit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is usually difficult. At the lower circuit, sell orders queue up with few buyers, so exiting at the quoted price may not be possible. Orders can stay unfilled until buying interest returns.\"}},{\"@type\":\"Question\",\"name\":\"What happens the next trading session after a lower circuit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There is no fixed outcome. The band resets each session, so the stock can open freely, hit the same band again, or reverse. The exchange can also revise the applicable band width. The useful signals to watch are whether the company files any disclosure explaining the move.\"}},{\"@type\":\"Question\",\"name\":\"What is the lower circuit limit set at for Indian stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Exchange price bands are commonly set at 2%, 5%, 10% or 20% depending on the security, and the applicable band can be revised by the exchange. For Scan Steels Ltd. the stated limit was Rs 41.52. For this session, Scan Steels Ltd. moved -4.99%.\"}}]}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Scan Steels lower circuit streak on BSE on 27 October 2026: the stock was locked at Rs 41.52, a -4.99% move. Price action, valuation and peer context.<\/p>\n","protected":false},"author":35,"featured_media":327999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-328001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["327999"],"rank_math_title":["Scan Steels Lower Circuit Streak: Day 2 Price and Data"],"rank_math_description":["Scan Steels lower circuit streak on BSE on 27 October 2026: the stock was locked at Rs 41.52, a -4.99% move. Price action, valuation and peer context."],"rank_math_focus_keyword":["Scan Steels lower circuit streak"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/scan-steels-ltd-hits-lower-circuit-for-the-2nd-straight-session-on-bse-27.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=328001"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328001\/revisions"}],"predecessor-version":[{"id":328002,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328001\/revisions\/328002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/327999"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=328001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=328001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=328001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}