Historic Price Surge and Intraday Dynamics
On 3 February 2026, Jindal Steel Ltd. touched an intraday peak of Rs.1170.65, setting a fresh 52-week and all-time high. The stock opened with a gap up of 2.22%, signalling strong buying interest from the outset. Despite a day’s high volatility measured at 38.29% based on the weighted average price, the stock managed to close with a solid gain of 2.67%, slightly underperforming the Sensex’s 2.83% rise on the same day.
Notably, the stock has recorded consecutive gains over the last two sessions, delivering a cumulative return of 4.69% during this period. This momentum is supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend across short, medium, and long-term horizons.
Comparative Performance Against Benchmarks
Jindal Steel Ltd.’s performance over various timeframes has significantly outpaced the broader market. Over the past week, the stock surged 6.80%, compared to the Sensex’s 2.59%. The one-month return stands at 6.90%, contrasting with the Sensex’s negative 2.08% over the same period. Over three months, the stock gained 7.31%, while the Sensex remained flat.
Longer-term returns are even more striking. The stock has delivered a 43.10% gain over the last year, vastly outperforming the Sensex’s 8.80%. Year-to-date, Jindal Steel Ltd. has appreciated by 9.57%, while the Sensex declined by 1.46%. Over three years, the stock’s return of 98.13% dwarfs the Sensex’s 38.03%, and over five years, the stock has surged an impressive 304.52%, compared to the Sensex’s 67.10%.
The most remarkable figure is the ten-year performance, where Jindal Steel Ltd. has appreciated by a staggering 1982.06%, far exceeding the Sensex’s 246.68% gain, highlighting the company’s sustained growth and value creation over the long term.
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Mojo Score and Market Capitalisation Insights
Jindal Steel Ltd. currently holds a Mojo Score of 51.0, reflecting a moderate market sentiment with a Mojo Grade of Hold. This represents an improvement from its previous Sell rating, which was revised on 11 November 2025. The company’s Market Cap Grade stands at 1, indicating its classification within the large-cap segment of the ferrous metals industry.
Despite the recent upgrade in rating, the stock’s day-to-day performance has shown some relative underperformance against its sector, lagging by 0.37% on the day it hit the all-time high. Nonetheless, the overall trend remains positive, supported by strong fundamentals and consistent price appreciation.
Sector and Industry Context
Operating within the ferrous metals sector, Jindal Steel Ltd. has demonstrated resilience and growth amid a competitive landscape. The sector’s cyclical nature often subjects stocks to volatility, yet Jindal Steel’s ability to maintain upward momentum and surpass key technical levels underscores its robust market position.
The stock’s performance relative to the Sensex and sector benchmarks over multiple timeframes highlights its capacity to generate superior returns, reinforcing its status as a significant player in the ferrous metals industry.
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Volatility and Trading Activity
The stock’s intraday volatility of 38.29% on the day of the record high reflects active trading and heightened investor engagement. Such volatility is characteristic of stocks experiencing significant price movements and can be indicative of both profit-taking and fresh accumulation phases.
Jindal Steel Ltd.’s ability to sustain gains despite this volatility, coupled with its position above all major moving averages, suggests a strong technical foundation supporting the current price levels.
Summary of Key Metrics
To summarise, Jindal Steel Ltd.’s stock performance is marked by:
- A new all-time high of Rs.1170.65 reached on 3 February 2026
- Consecutive two-day gains totalling 4.69%
- Outperformance of the Sensex across 1 week, 1 month, 3 months, 1 year, 3 years, 5 years, and 10 years
- Mojo Score improvement from Sell to Hold with a current score of 51.0
- Trading above all key moving averages, indicating strong technical momentum
- High intraday volatility of 38.29%, reflecting active market participation
These factors collectively highlight the stock’s significant achievement and its established position within the ferrous metals sector.
Conclusion
Jindal Steel Ltd.’s ascent to an all-time high price of Rs.1170.65 marks a noteworthy milestone in its market journey. The stock’s consistent outperformance relative to the Sensex and its sector peers, alongside improved market sentiment as reflected in its Mojo Grade upgrade, underscore a period of sustained strength. While the stock has experienced notable volatility, its ability to maintain gains above critical moving averages confirms a solid technical underpinning. This achievement reflects the company’s enduring value creation and resilience within the ferrous metals industry.
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