Jindal Saw Ltd. Sees 3.07% Increase in Stock, Outperforms Sector and Sensex
On September 12, 2024, Jindal Saw Ltd. saw a 3.07% increase in its stock and has been given a 'Hold' call by MarketsMojo. The stock is currently trading close to its 52-week high and has outperformed the sector by 2% today. Its moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. In comparison to the Sensex, Jindal Saw Ltd. has shown a 1-day performance of 2.69% and a 10.11% increase in the past month, solidifying its position as a strong contender in the largecap category.
Jindal Saw Ltd., a largecap company in the steel/sponge iron/pig iron industry, has seen a 3.07% increase in its stock on September 12, 2024. The stock has been given a 'Hold' call by MarketsMOJO.
The stock is currently trading close to its 52-week high, with only a 3.21% difference. It has also outperformed the sector by 2% today, reaching an intraday high of Rs 704.45, a 2.96% increase.
Jindal Saw Ltd.'s moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it is lower than the 5-day moving average.
In comparison to the Sensex performance, Jindal Saw Ltd. has shown a 1-day performance of 2.69% while the Sensex has only seen a 0.14% increase. In the past month, the company's performance has been even better, with a 10.11% increase compared to the Sensex's 2.50% increase.
Jindal Saw Ltd. continues to show promising growth in the steel/sponge iron/pig iron industry, making it a strong contender in the largecap category. Investors may want to keep an eye on this stock as it continues to perform well in the market.
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