Jindal Saw Ltd. Reaches All-Time High, Outperforms Sector and Sensex

Sep 24 2024 09:25 AM IST
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Jindal Saw Ltd., a leading company in the steel/sponge iron/pig iron industry, has reached an all-time high price on September 24, 2024. The stock has been performing well, outperforming the sector by 0.28% and trading higher than its moving averages. With a remarkable growth of 113.14% in the past year, the company shows potential for future growth.


Jindal Saw Ltd., a largecap company in the steel/sponge iron/pig iron industry, has recently reached an all-time high price on September 24, 2024. The stock has been performing well, with a 'Hold' recommendation from MarketsMOJO.

As of today, the stock is only 0.63% away from its 52-week high of Rs 732 and has outperformed the sector by 0.28%. In the last 3 days, the stock has seen consecutive gains and has risen by 4.29%. The stock opened at 727.45 and has maintained this price since then.

Jindal Saw Ltd. is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In the past year, Jindal Saw Ltd. has shown a remarkable growth of 113.14%, while the Sensex has only grown by 28.60%. This showcases the company's strong performance and potential for future growth.

With its strong position in the steel/sponge iron/pig iron industry and positive performance, Jindal Saw Ltd. is definitely a company to watch out for in the market. Investors may consider holding onto their stocks for now, as recommended by MarketsMOJO.
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