Key Events This Week
29 Dec: Stock opens week at Rs.795.00 with modest gain
30 Dec: New 52-week high of Rs.846 and all-time high reached
31 Dec: Further 52-week high at Rs.866.9 and rating upgraded to Buy
1 Jan: Continued gains with Rs.852.85 close
2 Jan: Week closes at Rs.855.75, up 8.02% for the week
29 December 2025: Modest Start Amid Market Weakness
Jindal Stainless Ltd began the week at Rs.795.00, gaining 0.35% on the day despite the Sensex declining 0.41% to 37,140.23. The stock’s resilience in a broadly negative market set the tone for the week’s positive momentum. Trading volume was moderate at 16,697 shares, indicating steady investor interest.
30 December 2025: Breakthrough with New 52-Week and All-Time Highs
The stock surged sharply on 30 December, closing at Rs.836.30, a 5.19% gain that outpaced the Sensex’s marginal 0.01% decline. Intraday, Jindal Stainless touched a new 52-week high of Rs.830 and an all-time high of Rs.846, marking a significant milestone. This rally was supported by strong technical momentum, with the stock trading above all key moving averages. The 6.42% intraday surge reflected robust buying interest, and the stock outperformed its ferrous metals sector peers by over 5%.
MarketsMOJO’s Mojo Score remained at 68.0 with a Hold rating at this point, reflecting cautious optimism amid the strong price action. The stock’s two-day cumulative return reached 6.79%, signalling sustained momentum.
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31 December 2025: New 52-Week High and Upgrade to Buy
Jindal Stainless Ltd extended its rally on 31 December, reaching a new 52-week high of Rs.866.9 and closing at Rs.837.55, up 0.15% on the day. The stock recorded gains for three consecutive sessions, delivering a cumulative return of 7.07% over this period. The Sensex also rebounded, gaining 0.83% to 37,443.41, but the stock’s outperformance remained notable.
Financially, the company demonstrated strong fundamentals with a Return on Capital Employed (ROCE) of 22.96%, a low Debt to EBITDA ratio of 1.02 times, and net sales growing at an annual rate of 30.03%. Operating profit surged by 50.62%, and operating cash flow reached a record Rs.4,229.49 crore for the year. Institutional holdings stood at 28.5%, reflecting solid investor confidence.
MarketsMOJO upgraded Jindal Stainless Ltd’s Mojo Grade from Hold to Buy on 30 December 2025, reflecting improved quality, valuation, and technical indicators. The stock’s technical trend shifted to bullish, supported by positive MACD signals and strong moving averages.
1 January 2026: Continued Gains Amid Positive Market Sentiment
The stock maintained its upward trajectory on 1 January, closing at Rs.852.85, a 1.83% gain. The Sensex rose modestly by 0.14% to 37,497.10. Trading volume was lighter at 24,708 shares, but the stock’s technical strength remained intact, supported by bullish momentum and sustained above key moving averages.
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2 January 2026: Week Closes on a Strong Note
Jindal Stainless Ltd closed the week at Rs.855.75, up 0.34% on the day and 8.02% for the week. The Sensex gained 0.81% to 37,799.57, but the stock’s outperformance was clear, reflecting strong investor demand and positive sentiment. Volume was moderate at 18,360 shares. The stock’s technical indicators remain bullish, supported by a Mojo Score of 75.0 and a Buy rating.
Daily Price Comparison: Jindal Stainless Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.795.00 | +0.35% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.836.30 | +5.19% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.837.55 | +0.15% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.852.85 | +1.83% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.855.75 | +0.34% | 37,799.57 | +0.81% |
Key Takeaways from the Week
Strong Price Momentum: Jindal Stainless Ltd outperformed the Sensex by nearly 6.7 percentage points, gaining 8.02% versus the benchmark’s 1.35%. The stock’s ability to set new 52-week and all-time highs on consecutive days highlights robust investor demand and technical strength.
Financial Fundamentals: The company’s high ROCE of 22.96%, low leverage ratios, and strong sales and profit growth underpin the stock’s rally. Operating cash flow reached a record Rs.4,229.49 crore, supporting financial stability and growth initiatives.
Technical Upgrade: The MarketsMOJO upgrade from Hold to Buy on 30 December 2025 reflects improved quality, valuation, and technical indicators, including bullish MACD and moving averages. This upgrade coincided with the stock’s surge to new highs.
Institutional Confidence: With 28.5% institutional ownership, the stock benefits from strong backing by sophisticated investors, adding to market stability and credibility.
Sector and Market Context: Despite some volatility in the ferrous metals sector and mixed broader market signals, Jindal Stainless Ltd demonstrated resilience and outperformance, signalling its competitive positioning and operational strength.
Conclusion
Jindal Stainless Ltd’s 8.02% weekly gain amid a modestly rising Sensex reflects a compelling combination of strong fundamentals, technical momentum, and positive market sentiment. The stock’s ability to set new highs, coupled with a MarketsMOJO upgrade to Buy, underscores renewed investor confidence. Robust financial metrics, including high ROCE and low debt, support the company’s growth trajectory. Institutional backing further enhances the stock’s appeal. While the broader market remains cautiously optimistic, Jindal Stainless Ltd’s performance this week highlights its resilience and leadership within the ferrous metals sector, closing the year and starting 2026 on a strong note.
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