Jindal Stainless Shows Strong Upward Trend Amid Broader Steel Sector Gains

Jindal Stainless has shown notable activity today, gaining 3.09% as of May 14, 2025. This increase aligns with the broader performance of the Steel/Sponge Iron/Pig Iron sector, which has risen by 2.59%. Over the past three days, Jindal Stainless has demonstrated a strong upward trend, accumulating a total return of 10.55%.
The stock reached an intraday high of Rs 642.9, marking a 2.78% increase during the trading session. In terms of moving averages, Jindal Stainless is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

In the context of the overall market, the Sensex has continued its upward trajectory, climbing 306.49 points to reach 81,584.98. The index is trading above its 50-day moving average, while the 50-day moving average is below the 200-day moving average.

Despite a challenging year-to-date performance of -7.27%, Jindal Stainless has shown impressive long-term growth, with a remarkable 344.47% increase over the past three years and an extraordinary 2148.61% rise over the last five years.