Jindal Saw Hits 52-Week High and Outperforms Sector with Strong Growth

Oct 09 2024 09:35 AM IST
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Jindal Saw Ltd., a leading company in the steel/sponge iron/pig iron industry, has reached a 52-week high on October 9th, 2024. The stock has been performing well, outperforming the sector by 2.17% and showing a 8.39% increase in returns in the past two days. Despite trading lower than its moving averages, the company has shown a strong performance in the past year, with a 123.66% increase. Investors should keep an eye on Jindal Saw as it continues to make strides in the industry.

Jindal Saw Ltd., a largecap company in the steel/sponge iron/pig iron industry, has recently hit a 52-week high on October 9th, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO. Today, the stock has outperformed the sector by 2.17% and has been gaining for the past two days, with a 8.39% increase in returns during this period. The stock also reached an intraday high of Rs 382.65, showing high volatility with an intraday volatility of 176.32%.

However, Jindal Saw is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The steel/sponge iron/pig iron sector has also seen a gain of 2.45%.

In the past year, Jindal Saw has shown a strong performance with a 123.66% increase, while the Sensex has only seen a 24.83% increase. This showcases the company's growth and potential in the industry.

Investors should keep an eye on Jindal Saw as it continues to make strides in the steel/sponge iron/pig iron sector. With its recent 52-week high and strong performance, the company is definitely one to watch in the largecap category.
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