Jindal Steel Ltd. Hits New 52-Week High at Rs.1249.95

Stock Performance and Market Context

On 25 Feb 2026, Jindal Steel Ltd. (Stock ID: 338854) recorded its highest price in the last 52 weeks, closing at Rs.1249.95. This represents a substantial gain of 46.78% over the past year, significantly outperforming the Sensex, which rose by 11.19% during the same period. The stock has been on a consistent upward trend, gaining for four consecutive days and delivering a cumulative return of 3.04% in this short span.

Despite the stock’s strong performance, it marginally underperformed its sector on the day, with a day change of 1.65% compared to the ferrous metals sector’s slightly higher gains. Nevertheless, Jindal Steel continues to trade above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained bullish momentum and technical strength.

Sector and Broader Market Dynamics

The ferrous metals sector has been a focal point of market activity, with Jindal Steel Ltd. emerging as a prominent player. The broader market environment remains positive, as evidenced by the Sensex’s performance. On the same day, the Sensex opened 304.20 points higher and further climbed 376.33 points to close at 82,906.45, marking a 0.83% gain. Although the Sensex remains 3.92% shy of its own 52-week high of 86,159.02, the index’s upward trajectory is supported by mega-cap stocks leading the charge.

Technical indicators for the Sensex show it trading below its 50-day moving average, but with the 50DMA positioned above the 200DMA, suggesting a cautiously optimistic medium-term outlook for the market.

Mojo Score and Rating Upgrade

Jindal Steel Ltd.’s recent price surge coincides with an upgrade in its Mojo Grade. As of 11 Nov 2025, the company’s Mojo Grade improved from Sell to Hold, reflecting a more favourable assessment of its fundamentals and market positioning. The current Mojo Score stands at 58.0, indicating a moderate strength in the stock’s underlying quality and momentum metrics. The Market Cap Grade remains at 2, consistent with its mid-cap status within the ferrous metals sector.

Technical Momentum and Moving Averages

The stock’s position above all major moving averages is a key technical indicator of its upward momentum. Trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages suggests strong buying interest and a positive trend across short, medium, and long-term horizons. This technical alignment often signals sustained investor confidence and can act as a support cushion during market fluctuations.

Historical Price Range and Volatility

Over the last 52 weeks, Jindal Steel Ltd. has demonstrated considerable price appreciation, moving from a low of Rs.770 to the current high of Rs.1249.95. This range highlights the stock’s volatility and capacity for significant gains within a year. The nearly 62% increase from the low to the high price underscores the stock’s resilience and ability to capitalise on favourable market conditions.

Summary of Key Metrics

To summarise, Jindal Steel Ltd.’s recent price action and technical indicators present a picture of a stock that has gained significant ground over the past year. The 46.78% year-on-year return notably outpaces the Sensex’s 11.19% rise, reflecting the company’s strong positioning within the ferrous metals sector. The stock’s ability to maintain levels above all major moving averages further reinforces its current momentum.

While the stock slightly underperformed its sector on the day of the new high, the overall trend remains positive. The upgrade in Mojo Grade from Sell to Hold and a Mojo Score of 58.0 provide additional context to the stock’s evolving market perception.

Investors and market participants observing Jindal Steel Ltd. will note this 52-week high as a significant technical milestone, indicative of the company’s resilience and capacity to navigate the dynamic ferrous metals industry landscape.

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