Jindal Saw Shows Short-Term Gains Amid Long-Term Performance Concerns

Jan 15 2025 10:45 AM IST
share
Share Via
Jindal Saw, a midcap player in the steel industry, experienced a significant gain on January 15, 2025, outperforming its sector. The stock has shown consecutive gains over two days, although it remains below key moving averages, indicating potential longer-term challenges amid broader market trends.
Jindal Saw, a midcap player in the steel, sponge iron, and pig iron industry, saw a notable gain of 5.24% on January 15, 2025, outperforming its sector by 3.84%. This marks a positive trend as the stock has recorded consecutive gains over the past two days, accumulating a total return of 6.38% during this period.

On this trading day, Jindal Saw reached an intraday high of Rs 257.5, reflecting a rise of 5.08%. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting potential weakness in its longer-term performance.

In the context of broader market performance, Jindal Saw's one-day gain stands in contrast to the Sensex, which increased by only 0.50%. Over the past month, Jindal Saw has faced challenges, with a decline of 19.91%, compared to the Sensex's decrease of 6.40%.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News