Jindal Saw Ltd. Stock Price Sees 3.31% Increase, Outperforms Sector and Sensex

Oct 04 2024 12:05 PM IST
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On October 4th, 2024, Jindal Saw Ltd.'s stock price increased by 3.31%, outperforming the sector by 2.24%. This marks a trend reversal for the stock, which had previously fallen for three consecutive days. Its moving averages are higher than its 20-day, 50-day, 100-day, and 200-day averages, and its 1-month performance has outperformed the Sensex's performance of 1.00%.

Jindal Saw Ltd., a largecap company in the steel/sponge iron/pig iron industry, saw a 3.31% increase in its stock price on October 4th, 2024. The stock has been given a 'Hold' call by MarketsMOJO.

Despite being 3.63% away from its 52-week high of Rs 760, Jindal Saw Ltd.'s stock has shown a positive performance today by outperforming the sector by 2.24%. This marks a trend reversal for the stock, as it has gained after three consecutive days of falling.

The stock's intraday high was Rs 734.4, a 2.84% increase, while its intraday low was Rs 698.8, a 2.14% decrease. Jindal Saw Ltd.'s moving averages are higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average.

In comparison to the Sensex performance of 0.83%, Jindal Saw Ltd.'s 1-day performance was 3.20%. Similarly, its 1-month performance of 3.11% has outperformed the Sensex's performance of 1.00%.

Overall, Jindal Saw Ltd. has shown a positive trend in its stock price and has outperformed the sector and Sensex in both short-term and long-term performances. Investors may want to consider holding onto their shares in this largecap company in the steel/sponge iron/pig iron industry.
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