Jindal Steel Ltd. Hits New 52-Week High at Rs.1184.95

Strong Rally Propels Stock to New Heights

On 5 February 2026, Jindal Steel Ltd. recorded its highest price in the past year, closing at Rs.1184.95. This new peak represents a substantial advance from its 52-week low of Rs.770, reflecting a remarkable 53.8% appreciation over the period. The stock has been on a consistent upward trajectory, registering gains for four consecutive trading days and delivering a cumulative return of 6.4% during this span.

The day’s performance saw Jindal Steel outpace the broader ferrous metals sector by 0.67%, signalling relative strength within its industry group. This outperformance is notable given the broader market context, where the Sensex declined by 0.59%, closing at 83,323.11 points after a flat opening and a fall of 434.43 points.

Technical Indicators Affirm Uptrend

Technical analysis supports the bullish momentum, with Jindal Steel trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of short-, medium-, and long-term moving averages indicates a strong and sustained uptrend, often interpreted as a positive signal by market participants.

In contrast, the Sensex remains below its 50-day moving average, although the 50-day average itself is positioned above the 200-day average, suggesting a cautiously optimistic medium-term outlook for the broader market.

Comparative Performance Highlights

Over the past year, Jindal Steel Ltd. has delivered a total return of 43.49%, significantly outperforming the Sensex’s 6.40% gain during the same period. This outperformance highlights the company’s relative strength within the ferrous metals sector and the broader market.

The stock’s market capitalisation grade remains at 1, reflecting its standing among peers, while the Mojo Score has improved to 58.0, resulting in an upgraded Mojo Grade from Sell to Hold as of 11 November 2025. This upgrade indicates a positive reassessment of the company’s fundamentals and market positioning.

Sector and Market Context

Jindal Steel operates within the ferrous metals industry, a sector that has experienced varied performance amid global commodity price fluctuations and domestic demand shifts. Despite these sectoral headwinds, the company’s stock has demonstrated resilience and strength, as evidenced by its recent price action and technical indicators.

While the Sensex remains 3.4% below its own 52-week high of 86,159.02, Jindal Steel’s new peak suggests a divergence in performance, with the stock carving out its own path of growth independent of broader market trends.

Summary of Key Metrics

As of 5 February 2026, Jindal Steel Ltd. stands at Rs.1184.95, its highest price in 52 weeks and all time. The stock’s day change was a positive 0.69%, further cementing its upward momentum. The company’s Mojo Grade of Hold, upgraded from Sell in November 2025, reflects a stabilising outlook supported by improved fundamentals and market sentiment.

The stock’s consistent gains over the last four days, combined with its position above all major moving averages, suggest a well-supported rally that has been driven by both technical strength and relative sector outperformance.

Conclusion

Jindal Steel Ltd.’s ascent to a new 52-week high at Rs.1184.95 marks a significant achievement for the company’s stock, highlighting strong momentum amid a challenging market environment. The stock’s outperformance relative to its sector and the broader Sensex, coupled with positive technical indicators and an upgraded Mojo Grade, underscores its current strength. This milestone reflects the company’s ability to navigate market conditions effectively, resulting in sustained gains and a notable appreciation over the past year.

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