Key Events This Week
16 Feb: Stock opens at Rs.1,247.60, up 1.09%
18 Feb: New 52-week high and all-time high reached (Rs.1,264.55)
19 Feb: Sharp decline of 1.80% amid broader market sell-off
20 Feb: Week closes at Rs.1,236.35, up 0.67% on the day
16 February 2026: Positive Start to the Week
JSW Steel began the week on a strong note, opening at Rs.1,247.60, a gain of 1.09% from the previous Friday’s close of Rs.1,234.20. This outpaced the Sensex’s 0.70% rise to 36,787.89, signalling early bullish sentiment. The volume of 25,560 shares traded indicated moderate investor interest as the stock set the tone for the week.
17 February 2026: Minor Pullback Amid Market Gains
The stock experienced a slight retreat, closing at Rs.1,244.70, down 0.23% on the day despite the Sensex advancing 0.32% to 36,904.38. The volume increased to 40,230 shares, suggesting some profit-taking after the previous day’s gains. This modest dip was in line with a cautious market mood ahead of key price milestones.
18 February 2026: Milestone Day with New 52-Week and All-Time Highs
JSW Steel surged to a new 52-week high of Rs.1,264.55, marking a significant milestone in its stock performance. The day closed with the stock at Rs.1,250.70, up 0.48%, outperforming the Sensex’s 0.43% gain to 37,062.35. This rally was supported by the stock trading above all major moving averages, signalling strong technical momentum. The all-time high underscored the company’s resilience, with a one-year gain of 28.33% far exceeding the Sensex’s 9.56% rise over the same period.
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19 February 2026: Sharp Decline Amid Market Correction
The stock faced a notable setback, dropping 1.80% to close at Rs.1,228.15 on relatively lower volume of 28,005 shares. This decline was sharper than the Sensex’s 1.45% fall to 36,523.88, reflecting sector-specific pressures or profit-booking after the recent highs. Despite this, the stock remained above key moving averages, maintaining a technical foundation for recovery.
20 February 2026: Recovery and Weekly Close
JSW Steel rebounded with a 0.67% gain, closing at Rs.1,236.35 on a volume of 22,138 shares. The Sensex also recovered, rising 0.41% to 36,674.32. The stock’s weekly performance ended with a modest 0.17% gain, slightly underperforming the Sensex’s 0.39% rise. The week’s price action was characterised by volatility but anchored by the significant highs reached midweek.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.1,247.60 | +1.09% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.1,244.70 | -0.23% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.1,250.70 | +0.48% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.1,228.15 | -1.80% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.1,236.35 | +0.67% | 36,674.32 | +0.41% |
Key Takeaways from the Week
Positive Signals: JSW Steel’s attainment of a new 52-week and all-time high on 18 February highlights strong underlying momentum and technical strength. The stock’s one-year gain of 28.33% significantly outpaces the Sensex’s 9.56%, underscoring its resilience and sector leadership. Trading above all major moving averages supports a sustained bullish trend despite short-term volatility.
Cautionary Notes: The sharp 1.80% decline on 19 February amid a broader market correction indicates susceptibility to profit-taking and sector pressures. The stock’s weekly gain of 0.17% slightly lagged the Sensex’s 0.39%, suggesting limited upside in the near term. The Mojo Score of 68.0 with a ‘Hold’ rating reflects a balanced outlook, advising measured expectations.
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Conclusion
JSW Steel Ltd.’s week was defined by notable price milestones and mixed market dynamics. The stock’s new 52-week and all-time highs on 18 February reaffirm its strong position within the ferrous metals sector and its capacity to outperform the broader market over the long term. However, the subsequent correction and modest weekly gain relative to the Sensex suggest that investors should remain attentive to market fluctuations and sector-specific developments. The current Mojo Score and rating reflect a prudent stance, balancing the stock’s technical strengths against valuation considerations.
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