Jindal Steel & Power Stock Declines by -3.0% Amidst Bearish Trend and Sector Decline
Jindal Steel & Power, a major player in the steel, sponge iron, and pig iron industry, has experienced a -3.0% decline in its stock price on November 13, 2024. The stock is currently rated as 'Hold' and has underperformed the sector by -0.41%. It is currently trading below all its moving averages, indicating a bearish trend. The overall decline in the steel/sponge iron/pig iron sector may have contributed to this decline. In comparison to the market, the stock has seen a larger decline in the past day and month. Investors should closely monitor the stock's performance and sector trends before making any investment decisions.
Jindal Steel & Power, a leading player in the steel, sponge iron, and pig iron industry, has seen a decline in its stock price by -3.0% on November 13, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.
In terms of performance, Jindal Steel & Power has underperformed the sector by -0.41% today. The stock has been on a downward trend for the past 5 days, with a fall of -9.77% during this period. It also touched an intraday low of Rs 859.6 (-3.05%).
The moving averages for Jindal Steel & Power show that the stock is currently trading below the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a bearish trend in the stock's performance.
In the steel/sponge iron/pig iron sector, there has been a decline of -2.51%, which could be a contributing factor to the decline in Jindal Steel & Power's stock price.
Comparing the performance of Jindal Steel & Power to the overall market, the stock has seen a decline of -2.89% in the past day, while the Sensex has only seen a decline of -0.79%. In the past month, Jindal Steel & Power has seen a decline of -14.20%, while the Sensex has seen a decline of -4.09%.
Overall, Jindal Steel & Power's stock has been on a downward trend and is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the stock's performance and the overall sector trends before making any investment decisions.
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