JSW Steel Faces Short-Term Volatility Amid Broader Sector Decline and Market Trends

Feb 28 2025 01:35 PM IST
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JSW Steel Ltd. saw a decline on February 28, 2025, mirroring trends in the Steel sector. The stock's intraday low was Rs 944.25. While it remains above longer-term moving averages, it is below several short-term averages. Over the past month, it outperformed the Sensex despite the recent drop.
JSW Steel Ltd. has experienced a decline of 3.02% on February 28, 2025, reflecting a performance that aligns with the broader trends in the Steel/Sponge Iron/Pig Iron sector, which has seen a decrease of 2.81%. The stock reached an intraday low of Rs 944.25, marking a drop of 3.09% during the trading session.

In terms of moving averages, JSW Steel's current performance is above the 50-day and 200-day moving averages, indicating a longer-term positive trend. However, it is currently below the 5-day, 20-day, and 100-day moving averages, suggesting short-term volatility.

Over the past month, JSW Steel has shown a positive performance of 3.22%, contrasting with the Sensex, which has declined by 3.53%. In comparison to the Sensex's performance of -1.87% for the day, JSW Steel's decline of 3.12% highlights its relative underperformance in the current market environment.
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