Jindal Steel Ltd. Hits New 52-Week High of Rs.1189 on 6 Feb 2026

Strong Rally Propels Stock to New Heights

On 6 February 2026, Jindal Steel Ltd. recorded its highest price in the last year, reaching Rs.1189. This new peak represents a substantial increase from its 52-week low of Rs.770, translating to a remarkable 54.5% appreciation over the period. The stock has demonstrated consistent strength, gaining 7.49% over the last five consecutive trading sessions, outperforming its sector by 1.22% on the day of the new high.

The stock’s upward trajectory is further supported by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical alignment underscores the prevailing bullish sentiment and sustained buying interest in the shares.

Market Context and Sector Performance

The broader market environment has also contributed to Jindal Steel’s rally. The Sensex, after a flat opening with a minor dip of 64.61 points, climbed 284.98 points to close at 83,534.30, a 0.26% gain on the day. Although the Sensex remains 3.14% shy of its own 52-week high of 86,159.02, mega-cap stocks have been leading the market’s advance, providing a supportive backdrop for mid and large-cap stocks like Jindal Steel.

Within the ferrous metals industry, Jindal Steel’s performance stands out, with a one-year return of 47.24%, significantly outpacing the Sensex’s 7.00% gain over the same period. This divergence highlights the company’s relative strength and resilience amid sectoral and market fluctuations.

Mojo Score and Rating Upgrade Reflect Improving Fundamentals

Jindal Steel Ltd. currently holds a Mojo Score of 58.0, categorised under a 'Hold' grade. This represents an upgrade from its previous 'Sell' rating as of 11 November 2025, signalling an improvement in the company’s financial and market metrics. Despite the upgrade, the stock’s Market Cap Grade remains at 1, indicating a relatively modest market capitalisation compared to larger peers in the ferrous metals sector.

The upgrade in rating aligns with the stock’s recent price momentum and technical strength, reflecting a more favourable assessment of its current standing within the industry and market.

Technical Indicators Confirm Positive Momentum

Jindal Steel’s trading above all major moving averages is a key technical indicator of its robust momentum. The stock’s position above the 200-day moving average is particularly noteworthy, as it often serves as a long-term trend indicator. This technical setup suggests that the stock has transitioned into a sustained uptrend, supported by consistent buying pressure.

Moreover, the stock’s daily gain of 1.17% on the day it hit the new high further emphasises the strength of the rally. The consecutive five-day gain streak, culminating in a 7.49% return, highlights sustained investor confidence and market interest in the company’s shares.

Comparative Performance Within the Sector

Within the ferrous metals sector, Jindal Steel’s performance has been notably superior. The sector has experienced mixed movements, but Jindal Steel’s ability to outperform its peers and the broader market index underscores its relative strength. This outperformance is particularly significant given the sector’s cyclical nature and sensitivity to global commodity prices and domestic demand conditions.

The stock’s rise to Rs.1189 also sets a new benchmark for valuation within its peer group, reflecting both improved market sentiment and underlying business fundamentals.

Summary of Key Metrics

To summarise, Jindal Steel Ltd.’s stock performance as of 6 February 2026 is characterised by:

• New 52-week and all-time high price of Rs.1189
• Consecutive five-day gain resulting in a 7.49% return
• Outperformance of the ferrous metals sector by 1.22% on the day of the new high
• Mojo Score of 58.0 with a recent upgrade from 'Sell' to 'Hold'
• Trading above all major moving averages (5, 20, 50, 100, 200 days)
• One-year return of 47.24%, significantly exceeding the Sensex’s 7.00%

These metrics collectively illustrate a stock that has gained considerable traction over the past year, supported by both technical and fundamental factors within a competitive sector environment.

Market Capitalisation and Sector Placement

Despite the strong price performance, Jindal Steel’s Market Cap Grade remains at 1, indicating a smaller market capitalisation relative to larger ferrous metals companies. This positioning may influence liquidity and trading volumes but has not impeded the stock’s recent upward momentum.

The company continues to be a notable player within the ferrous metals sector, which remains a critical component of India’s industrial landscape.

Conclusion

Jindal Steel Ltd.’s ascent to a new 52-week high of Rs.1189 marks a significant milestone, reflecting sustained positive momentum and improved market perception. The stock’s consistent gains over the past week, combined with its technical strength and rating upgrade, underscore a period of robust performance within the ferrous metals sector. While broader market indices have shown moderate gains, Jindal Steel’s outperformance highlights its distinctive position in the current market environment.

Unlock special upgrade rates for a limited period. Start Saving Now →