Jindal Steel & Power Stock Declines -3.27% and Receives 'Hold' Call from MarketsMOJO

Jindal Steel & Power, a largecap company in the iron and steel industry, saw a decline of -3.27% in its stock price on July 19, 2024. This underperformance was reflected in the stock's 'Hold' call by MarketsMOJO.

The stock's performance today was -0.73% lower than the sector's performance, indicating a slight lag in comparison. Additionally, the stock has been on a downward trend for the past two days, with a fall of -4.88% during this period. The stock also touched an intraday low of Rs 958.85, representing a -3.14% decrease.

While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This suggests a mixed trend in the stock's performance.

In the iron and steel sector, Jindal Steel & Power's stock has fallen by -2.41%, indicating a similar trend in the industry.

Comparing the stock's performance to the overall market, Jindal Steel & Power's 1-day performance was -3.34% while the Sensex's performance was -0.36%. Similarly, the stock's 1-month performance was -8.61% compared to the Sensex's 4.80% increase.

Overall, Jindal Steel & Power's stock has seen a decline in its price and is currently holding a 'Hold' call by MarketsMOJO. Investors should keep an eye on the stock's performance and the industry trends before making any investment decisions.