Strong Momentum Drives Historic Peak
On 5 Feb 2026, Jindal Steel Ltd. (Stock ID: 338854) recorded a day gain of 1.40%, significantly outperforming the Sensex, which declined by 0.40% on the same day. This upward momentum has been consistent, with the stock gaining for four consecutive days, delivering a cumulative return of 6.57% during this period. The stock currently trades just 0.23% shy of its 52-week high of Rs 1180.9, signalling a strong bullish trend.
The company’s shares have also outperformed the ferrous metals sector by 1.27% today, reflecting its relative strength within the industry. Jindal Steel is trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — which further confirms the positive technical outlook and investor confidence in the stock’s trajectory.
Long-Term Performance Highlights
Jindal Steel’s stock performance over various time horizons illustrates a remarkable growth story. Over the past year, the stock has surged by 44.50%, vastly outpacing the Sensex’s 6.66% gain. Year-to-date returns stand at 12.24%, while the Sensex has declined by 2.04% in the same timeframe.
Looking further back, the stock’s three-year return is an impressive 102.96%, compared to the Sensex’s 37.22%. Over five years, Jindal Steel has delivered a staggering 295.47% return, significantly outperforming the Sensex’s 64.56%. The decade-long performance is even more striking, with a return of 1763.91%, dwarfing the Sensex’s 239.13% gain.
This sustained outperformance highlights the company’s ability to generate shareholder value consistently over the long term, supported by its strategic positioning in the ferrous metals sector.
Our current monthly pick, this Mid Cap from Automobile Two & Three Wheelers, survived rigorous evaluation against dozens of contenders. See why experts are backing this one!
- - Rigorous evaluation cleared
- - Expert-backed selection
- - Mid Cap conviction pick
Mojo Score and Market Capitalisation Insights
Jindal Steel currently holds a Mojo Score of 58.0, reflecting a Hold rating, an improvement from its previous Sell grade as of 11 Nov 2025. This upgrade indicates a positive shift in the company’s fundamental and technical parameters as assessed by MarketsMOJO’s proprietary scoring system.
Despite the Hold rating, the stock’s market capitalisation grade remains at 1, signalling a relatively modest market cap within its sector. This juxtaposition suggests that while the company is demonstrating strong price momentum and improving fundamentals, it still retains room for growth in terms of market valuation.
Comparative Performance Against Benchmarks
Jindal Steel’s recent performance has consistently outpaced the broader market and sector indices. Over the last month, the stock has appreciated by 9.43%, contrasting with the Sensex’s decline of 2.29%. Similarly, over three months, the stock’s 9.57% gain marginally exceeds the Sensex’s flat 0.03% performance.
These figures underscore the company’s resilience and ability to generate returns even when broader market conditions are subdued or volatile.
Technical Strength and Price Trends
The stock’s position above all major moving averages is a key technical indicator of strength. This alignment suggests that the current price trend is supported by sustained buying interest and positive market sentiment. The four-day consecutive gain and the outperformance relative to both the Sensex and sector indices further reinforce this technical robustness.
Such trends often attract attention from institutional investors and traders who monitor momentum and technical signals closely.
Jindal Steel Ltd. or something better? Our SwitchER feature analyzes this large-cap Ferrous Metals stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Sector Context and Industry Positioning
Operating within the ferrous metals industry, Jindal Steel’s performance is notable against the backdrop of sector dynamics. The stock’s outperformance relative to its peers and the broader sector index highlights its competitive positioning and operational effectiveness.
The ferrous metals sector often experiences cyclical fluctuations influenced by global demand, raw material costs, and infrastructure spending. Jindal Steel’s ability to sustain gains and reach new highs suggests effective management of these factors and a strong market presence.
Summary of Key Metrics
To summarise, Jindal Steel Ltd. has achieved a significant milestone by reaching an all-time high near Rs 1180.9, supported by:
- Consistent gains over the past four days, with a 6.57% return in this period
- Outperformance against the Sensex and ferrous metals sector across multiple timeframes
- Trading above all major moving averages, indicating strong technical momentum
- A Mojo Score upgrade from Sell to Hold, reflecting improved fundamentals
- Exceptional long-term returns, including a 1763.91% gain over ten years
This combination of factors underscores the stock’s robust performance and the company’s enduring market strength.
Conclusion
Jindal Steel Ltd.’s ascent to an all-time high is a testament to its sustained growth and resilience within the ferrous metals sector. The stock’s strong technical indicators, impressive long-term returns, and recent upgrades in fundamental assessments collectively mark this as a noteworthy achievement in its market journey.
Unlock special upgrade rates for a limited period. Start Saving Now →
