JSW Steel Ltd. Hits All-Time High, Outperforms Sector with Positive Trends.

Sep 21 2024 09:20 AM IST
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JSW Steel Ltd., a leading company in the steel/sponge iron/pig iron industry, has reached an all-time high on September 21, 2024. The stock has gained 4.36% today, outperforming the sector by 1.57%. With positive trends and a 'Hold' call from MarketsMojo, the company is poised for continued success in the market.


JSW Steel Ltd., a largecap company in the steel/sponge iron/pig iron industry, has reached an all-time high on September 21, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis and research firm.

The stock price of JSW Steel Ltd. hit a new 52-week high of Rs.988.2 today, outperforming the sector by 1.57%. This marks a trend reversal for the stock, as it has gained after three consecutive days of falling. The stock also opened with a gap up of 2.92% today and touched an intraday high of Rs.988.2, a 4.36% increase.

In terms of moving averages, JSW Steel Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

The steel/sponge iron/pig iron sector has also seen a gain of 2.14%, further highlighting the positive sentiment in the industry.

In the past year, JSW Steel Ltd. has shown a strong performance with a 24.81% increase, slightly lower than the Sensex's performance of 26.56%. This showcases the company's stability and growth potential in the market.

Overall, JSW Steel Ltd. has shown a strong performance and is currently trading at an all-time high. With a 'Hold' call from MarketsMOJO and positive trends in the sector, the company is poised for continued success in the steel industry.
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