Scan Steels Ltd. Hits Lower Circuit for the 2nd Straight Session on BSE, 27 October 2026

Within the Iron & Steel space on BSE, Scan Steels Ltd. (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.

No peer figures are used here, so the comparison with other Steel & Iron Products names stays a matter of context rather than measurement. The company's market cap was Rs 265.46 crore.

Key Takeaways

• Scan Steels Ltd. (SCANSTL) hit the lower circuit on BSE at Rs 41.52 on 27 October 2026.
• The session move was -4.99% against a previous close of Rs 43.7.
• Market capitalisation stood at Rs 265.46 crore with a PE ratio of 10.72.
• This is the 2nd straight session at the lower circuit, with the run starting on 26 October 2026.
• A price band is an exchange trading rule, not a view on the company or a recommendation.

Key Market Data

Metric	Value
Stock	Scan Steels Ltd.
Current Price / LTP	Rs 41.52
Day Move	-4.99%
Previous Close	Rs 43.7
Day Open	Rs 42.01
Day High	Rs 43.14
Day Low	Rs 41.52
Lower Circuit Price	Rs 41.52
Lower Circuit Limit	Rs 41.52
Market Cap	Rs 265.46 crore
Selected Exchange	BSE
PE Ratio	10.72

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.

Price Action and Trading Activity

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.

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.

The Scan Steels Lower Circuit Streak So Far

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.

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.

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.

Why Scan Steels Ltd. Hit Lower Circuit

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.

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.

The lowest level the stock reached in the session was Rs 41.52.

What the Scan Steels Lower Circuit Means

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.

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.

Scan Steels Ltd. Fundamentals and Valuation

Price action tells only part of the story, so the available market data adds some depth. Scan Steels Ltd., which operates in Iron & Steel under Steel & 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.

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.

Peer and Sector Context

Scan Steels Ltd. belongs to the Steel & Iron Products industry within the Iron & Steel sector. The peer table below uses available companies from the same sector or industry to give broader valuation context.

Peer Company	Market Cap	PE	PB	ROE
A-ONE STEELS INDIA LTD	Rs 2855.37 crore	22.57	2.3	16.65%
Welspun Specialty Solutions Ltd.	Rs 2822.06 crore	195.7	6.17	5.31%
JTL Industries Ltd	Rs 2820.75 crore	24.59	2.03	8.58%
Ratnaveer Precision Engineering Ltd.	Rs 2789.29 crore	43.38	2.67	12.81%
Mahamaya Steel Industries Ltd.	Rs 2446.92 crore	244.94	15.21	6.24%

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.

Scan Steels Ltd.'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.

Technical Snapshot

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.

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.

What Readers Should Know

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%.

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.

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.

Frequently Asked Questions

Why did Scan Steels Ltd. hit lower circuit on 27 October 2026?

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.

How many sessions has Scan Steels Ltd. hit lower circuit in a row?

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.

What was SCANSTL share price on 27 October 2026?

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.

What was the lower circuit price for SCANSTL?

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.

What is Scan Steels Ltd.'s market cap and PE ratio?

Scan Steels Ltd.'s market cap was Rs 265.46 crore. PE ratio was 10.72.

Which exchange and data source were used?

The selected exchange was BSE. The article uses Univest market data available at the time of generation, captured on 27 October 2026.

Does hitting a lower circuit mean Scan Steels Ltd. is a buy or a sell?

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.

Can you buy or sell Scan Steels Ltd. shares when the stock is at the lower circuit?

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.

What happens the next trading session after a lower circuit?

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.

What is the lower circuit limit set at for Indian stocks?

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%.