Jindal Steel & Power's Stock Sees -3.09% Decline, Remains a Key Player in Steel Industry
On October 25, 2024, Jindal Steel & Power's stock price declined by -3.09%, with a 'Hold' call from MarketsMojo. The stock is trading below its moving averages and has fallen after two days of gains. Despite this, the company remains a significant player in the steel, sponge iron, and pig iron industry.
Jindal Steel & Power, a leading player in the steel, sponge iron, and pig iron industry, saw a decline of -3.09% in its stock price on October 25, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.
The stock's performance today was lower than the sector average by -0.58%, and it has also fallen after two consecutive days of gains. Jindal Steel & Power's intraday low was Rs 896.7, a decrease of -2.86%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In the steel/sponge iron/pig iron sector, Jindal Steel & Power's stock has fallen by -2.14%. However, the company's 1-day performance of -3.09% is lower than the Sensex's performance of -0.55%. Over the past month, Jindal Steel & Power's stock has seen a decline of -12.65%, while the Sensex has seen a decline of -6.51%.
Despite the recent decline in stock price, Jindal Steel & Power remains a largecap company in the industry. As a leading player in the steel, sponge iron, and pig iron sector, the company's performance will continue to be closely monitored by investors.
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