Jindal Saw Faces Sustained Downward Trend Amid Broader Market Decline

Jan 13 2025 10:05 AM IST
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Jindal Saw, a midcap player in the steel and iron industry, experienced notable trading activity on January 13, 2025, with a significant decline in stock price. The company has underperformed its sector and the broader market over various time frames, indicating a sustained downward trend in its stock performance.
Jindal Saw, a midcap player in the steel, sponge iron, and pig iron industry, has seen significant activity today, with the stock declining by 5.02% as of January 13, 2025. The trading session began with a gap down, opening at a loss of 4.45%, and reached an intraday low of Rs 248.05, marking a decrease of 5.32%.

In terms of performance metrics, Jindal Saw underperformed its sector by 3.57%. Over the past day, the stock recorded a performance of -4.69%, in contrast to the Sensex, which declined by only 0.69%. The company's performance over the past month has also been notably poor, with a drop of 22.45%, while the Sensex decreased by 6.44%.

Currently, Jindal Saw is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its stock price. This trend reflects the current market sentiment surrounding the company.
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