Jindal Steel Ltd. Hits New 52-Week High at Rs 1204.25

Strong Price Performance and Market Context

On 12 Feb 2026, Jindal Steel Ltd. closed just 0.19% shy of its fresh 52-week peak, signalling a notable uptrend in its share price. The stock recorded a day gain of 1.10%, outperforming the ferrous metals sector by 0.32%, a clear indication of its relative strength. This performance is particularly impressive given the broader market backdrop, where the Sensex opened 265.21 points lower and was trading down 0.53% at 83,783.87, still 2.83% away from its own 52-week high of 86,159.02.

Jindal Steel’s upward trajectory is further supported by its position above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical alignment suggests a sustained bullish trend, reinforcing the stock’s momentum over multiple time horizons.

Impressive One-Year Returns Outpacing Benchmarks

Over the past year, Jindal Steel Ltd. has delivered a remarkable total return of 44.90%, significantly outpacing the Sensex’s 9.99% gain during the same period. This outperformance highlights the company’s ability to generate value in a competitive and cyclical industry. The stock’s 52-week low stood at Rs 770, illustrating a substantial appreciation of over 56% from its lowest point within the last year.

Mojo Score and Rating Upgrade Reflect Improving Fundamentals

Jindal Steel Ltd. currently holds a Mojo Score of 58.0, categorised as a Hold rating. This marks an upgrade from its previous Sell rating, which was revised on 11 Nov 2025. The improvement in the Mojo Grade reflects a positive reassessment of the company’s financial health and market positioning. However, the Market Cap Grade remains modest at 2, indicating room for growth in market valuation relative to peers.

Sector and Industry Positioning

Operating within the ferrous metals industry and sector, Jindal Steel’s recent price action stands out amid a sector that has experienced mixed results. The stock’s ability to outperform its sector by 0.32% on the day of the new high demonstrates resilience and investor preference within a competitive landscape. The ferrous metals sector often reacts to global commodity prices and domestic demand cycles, and Jindal Steel’s performance suggests effective navigation of these factors.

Technical Momentum and Moving Averages

The stock’s trading above all major moving averages is a technical hallmark of strength. Being above the 200-day moving average is particularly significant as it indicates a long-term uptrend. The alignment of shorter-term averages (5-day, 20-day, 50-day, 100-day) above the longer-term average further confirms the bullish momentum. This technical setup often attracts momentum-driven trading and can sustain upward price movement.

Broader Market Trends and Relative Strength

While the Sensex has experienced a slight pullback on the day of Jindal Steel’s new high, it has been on a three-week consecutive rise, gaining 2.75% over that period. The index’s 50-day moving average remains above its 200-day moving average, signalling an overall positive market trend despite short-term fluctuations. Jindal Steel’s outperformance relative to the Sensex and its sector peers highlights its current leadership within the ferrous metals space.

Summary of Key Metrics

To summarise, Jindal Steel Ltd.’s key metrics as of 12 Feb 2026 are:

• 52-week high: Rs 1204.25
• Close to 52-week high: 0.19% below peak
• Day change: +1.10%
• Outperformance vs sector: +0.32%
• One-year return: +44.90%
• Sensex one-year return: +9.99%
• Mojo Score: 58.0 (Hold, upgraded from Sell on 11 Nov 2025)
• Market Cap Grade: 2
• Trading above all major moving averages (5, 20, 50, 100, 200-day)

These figures collectively illustrate a stock that has gained significant traction over the past year and is currently exhibiting strong technical and fundamental signals within its sector.

Conclusion

Jindal Steel Ltd.’s ascent to a new 52-week high of Rs 1204.25 marks a noteworthy achievement in its market journey. The stock’s sustained momentum, reflected in its outperformance against sector peers and the broader market, is underpinned by positive technical indicators and an improved rating outlook. While the broader market shows some volatility, Jindal Steel’s price action demonstrates resilience and strength within the ferrous metals industry.

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