Jindal Saw Faces Market Challenges Amid Broader Sector Underperformance

Mar 03 2025 11:15 AM IST
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Jindal Saw, a midcap player in the Steel/Sponge Iron/Pig Iron industry, faced a significant decline on March 3, 2025, underperforming its sector amid broader market challenges. The stock traded below key moving averages, reflecting a bearish trend, while its monthly performance showed a slight decrease compared to the Sensex.
Jindal Saw, a midcap player in the Steel/Sponge Iron/Pig Iron industry, has experienced a notable decline of 5.49% on March 3, 2025. The stock underperformed its sector by 3.98%, reflecting broader market challenges. Throughout the trading day, Jindal Saw reached an intraday high of Rs 252.5, marking a modest increase of 2.35%, but also dipped to a low of Rs 234.05, which represents a decrease of 5.13%.

In terms of moving averages, Jindal Saw is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance. Over the past day, Jindal Saw's performance of -5.41% starkly contrasts with the Sensex, which saw a minor decline of 0.51%. Additionally, the stock's performance over the past month shows a slight decrease of 0.21%, while the Sensex has fared worse with a decline of 5.65%. These metrics highlight the current challenges faced by Jindal Saw in a competitive market landscape.
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