A short squeeze or sentiment rally? Here’s why SAIL shares surged 14% today

May 13, 2026

Shares of Steel Authority of India (SAIL) jumped 14% on Wednesday, driven largely by a short squeeze as traders with heavy bearish derivative positions were forced to cover shorts. Extremely high MWPL utilisation and concentrated bets among a few clients amplified the rally as stop-loss triggers accelerated buying pressure.

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