Jindal Stainless Shows Resilience Amid Broader Market Challenges with Strong Gains

Jindal Stainless, a prominent player in the ferrous metals industry, has shown notable activity today, gaining 3.36% on July 29, 2025. This performance outpaced the sector by 2.69%, marking a positive trend as the stock has now recorded consecutive gains over the past two days, accumulating a total return of 2.95% during this period. The stock reached an intraday high of Rs 679, reflecting a 2.93% increase.
In terms of moving averages, Jindal Stainless is currently positioned higher than its 100-day and 200-day moving averages, although it remains below the 5-day, 20-day, and 50-day moving averages. This indicates a mixed short-term performance relative to longer-term trends.

While the broader market has faced challenges, with the Sensex opening lower and experiencing a three-week consecutive decline, Jindal Stainless has demonstrated resilience. Over the past three months, the stock has surged by 20.48%, significantly outperforming the Sensex, which has only gained 0.70% in the same timeframe. Despite a year-to-date decline of 2.02%, Jindal Stainless has shown remarkable long-term growth, with a staggering 475.77% increase over the past three years and an impressive 1762.04% rise over the last five years.