Jindal Stainless Faces Continued Stock Decline Amid Broader Market Gains

Jindal Stainless, a prominent player in the steel industry, has experienced a notable decline of 3.24% on March 24, 2025. This downturn marks the third consecutive day of losses for the stock, which has seen a total drop of 7.71% over this period. Today, Jindal Stainless reached an intraday low of Rs 601, reflecting a decrease of 3.94%.
In comparison to the broader market, Jindal Stainless underperformed, with a daily performance of -3.61% against the Sensex's gain of 0.64%. Over the past week, the stock has declined by 6.02%, while the Sensex has risen by 4.35%. On a monthly basis, Jindal Stainless is down 1.46%, contrasting with the Sensex's increase of 3.96%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Over the last year, Jindal Stainless has faced a decline of 12.99%, while the Sensex has gained 6.27%. Despite these recent challenges, the company has shown significant long-term growth, with a remarkable 216.15% increase over the past three years and an impressive 2455.30% rise over the last five years.