Jindal Steel Ltd. Hits New 52-Week High of Rs.1176 on 4 Feb 2026

Stock Performance and Milestone Achievement

On 4 February 2026, Jindal Steel Ltd. touched an intraday high of Rs.1176, representing both a fresh 52-week and all-time high for the company’s shares. This peak price reflects a 2.24% increase on the day, with the stock outperforming its sector by 0.59%. The stock has demonstrated consistent strength, gaining for three consecutive sessions and delivering a cumulative return of 6.31% during this period.

The current price level is a substantial advance from the stock’s 52-week low of Rs.751.45, highlighting a remarkable one-year performance gain of 46.58%. This outpaces the broader Sensex index, which has risen by 6.66% over the same timeframe, underscoring Jindal Steel’s relative strength within the market.

Technical Indicators and Market Context

Jindal Steel is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained upward momentum and a positive trend across short, medium, and long-term horizons. The stock’s ability to maintain levels above these averages suggests robust investor confidence and underlying strength in its price action.

Meanwhile, the broader market environment on the day saw the Sensex recover sharply after a negative opening. The index rebounded by 537.33 points to close at 83,789.39, a modest gain of 0.06%. Despite this recovery, the Sensex remains 2.83% below its own 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling a cautiously positive medium-term outlook for the benchmark.

Large-cap stocks led the market’s gains, with Jindal Steel’s performance standing out within the ferrous metals sector. The company’s Mojo Score currently stands at 58.0, reflecting a Hold rating, an upgrade from a previous Sell rating as of 11 November 2025. This improvement in grading aligns with the stock’s recent price appreciation and technical strength.

Sectoral and Industry Performance

Jindal Steel operates within the ferrous metals industry, a sector that has experienced varied performance over the past year. The company’s stock has outperformed many peers, driven by favourable market conditions and company-specific factors. The ferrous metals sector remains sensitive to global commodity prices, demand from infrastructure and manufacturing, and domestic economic activity.

The stock’s recent gains have been supported by a combination of strong price momentum and positive technical signals. Trading above all major moving averages indicates that buying interest has been sustained across multiple timeframes, which often serves as a foundation for continued price strength.

Despite the broader market’s modest gains on the day, Jindal Steel’s 2.10% day change and outperformance relative to its sector by 0.59% highlight its leadership within the space. This performance is particularly notable given the Sensex’s initial negative opening and subsequent recovery, reflecting resilience in the stock’s price action.

Market Capitalisation and Quality Assessment

Jindal Steel’s market capitalisation grade is currently rated at 1, indicating a substantial market cap relative to its peers. This classification supports the stock’s inclusion in large-cap portfolios and reflects its significant presence within the ferrous metals sector.

The company’s Mojo Grade upgrade from Sell to Hold on 11 November 2025 reflects an improvement in its overall quality and market perception. The Mojo Score of 58.0 suggests a moderate outlook, balancing the stock’s recent gains with broader market conditions and sectoral dynamics.

Trading well above its 200-day moving average, Jindal Steel’s price action confirms a positive long-term trend. This is complemented by the stock’s ability to sustain gains over the past three sessions, reinforcing the strength of the current rally.

Summary of Key Metrics

To summarise, Jindal Steel Ltd. has achieved a new 52-week high of Rs.1176, marking a significant milestone in its stock price journey. The stock’s 46.58% gain over the past year substantially outperforms the Sensex’s 6.66% rise. It has demonstrated consistent upward momentum, trading above all major moving averages and outperforming its sector on the day by 0.59%. The Mojo Score and grade upgrades further reflect improved market sentiment and quality assessment.

This milestone underscores Jindal Steel’s strong positioning within the ferrous metals industry and highlights the stock’s resilience amid broader market fluctuations.

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