Jindal Saw Ltd Sees Surge in Trading Volume and Investor Participation

Jindal Saw Ltd, a prominent player in the Iron & Steel Products industry, has emerged as one of the most active equities today, with a total traded volume of 39,772,837 shares and a total traded value of approximately Rs 99.56 crores. The stock opened at Rs 238.5, reflecting a gain of 2.85% from the previous close of Rs 231.88, and reached an intraday high of Rs 257, marking an increase of 10.83% during the trading session.
Over the past three days, Jindal Saw has demonstrated a strong performance, gaining 15.19% in returns and outperforming its sector by 7.01%. The stock's last traded price stands at Rs 247.5. Notably, the delivery volume surged to 36.11 lakh shares on June 9, representing a remarkable increase of 193.57% compared to the five-day average delivery volume, indicating rising investor participation.

In terms of liquidity, the stock is deemed liquid enough for a trade size of Rs 1.61 crores, based on 2% of the five-day average traded value. Jindal Saw's performance metrics show that it is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Overall, Jindal Saw Ltd's activity today reflects significant market engagement and a robust performance in the mid-cap segment.