Jindal Steel & Power Faces Decline Amid Broader Market Challenges and Bearish Sentiment

Jindal Steel & Power has experienced a notable decline of 3.76% on April 9, 2025, underperforming the broader steel sector, which fell by 2.12%. The stock reached an intraday low of Rs 774.2, reflecting a decrease of 3.39% during the trading session. Currently, Jindal Steel is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.
In the context of the overall market, the Sensex has also faced challenges, dropping by 314.16 points to 73,789.67, marking a 0.59% decline. The index is now 4.82% away from its 52-week low and is trading below its 50-day moving average, which is itself below the 200-day moving average, suggesting a bearish sentiment in the market.

Over various time frames, Jindal Steel & Power's performance has been significantly negative, with a 1-week decline of 15.06% and a year-to-date drop of 17.13%. However, the company has shown resilience over the longer term, with a 3-year performance of 36.97% and a remarkable 741.98% increase over the past five years.