JSW Steel Faces Consecutive Losses Amid Broader Market Resilience and Mixed Performance Indicators

JSW Steel has experienced a notable decline today, with its stock price dropping by 4.11% as of May 2, 2025. This performance marks a significant underperformance compared to the broader sector, which saw a decline of 5.09%. Over the past three days, JSW Steel has faced consecutive losses, totaling an 8.28% decrease during this period. The stock reached an intraday low of Rs 971.25, reflecting a drop of 5.55%.
In terms of moving averages, JSW Steel's current price is above its 200-day moving average but falls short of the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term performance.

In the broader market context, the Sensex has shown resilience, rising by 0.33% after a flat opening. While the Sensex is trading above its 50-day moving average, this average is currently below the 200-day moving average. Over the past month, JSW Steel has underperformed, with a decline of 6.92%, contrasting with the Sensex's gain of 5.05%. However, the company has demonstrated stronger performance over longer time frames, including a 10-year increase of 952.72%.