JSW Steel Faces Trend Reversal Amid Broader Market Volatility in Steel Sector
JSW Steel Ltd. has seen notable trading activity, opening lower and experiencing a decline throughout the day, contrasting with the broader market's performance. The stock has shown mixed indicators in relation to its moving averages and has slightly decreased over the past month, amidst sector volatility.
JSW Steel Ltd., a prominent player in the Steel/Sponge Iron/Pig Iron industry, has experienced significant activity today, opening with a loss of 3.62%. The stock's performance has shown a decline of 2.23% for the day, which contrasts with the Sensex's decrease of 0.86%. Notably, JSW Steel has outperformed its sector, which has seen an overall drop of 2.8%.After two consecutive days of gains, the stock has encountered a trend reversal, reaching an intraday low of Rs 898.9. In terms of moving averages, the stock is currently positioned higher than its 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short- to long-term performance indicators.
Over the past month, JSW Steel has shown a slight decline of 0.14%, while the broader Sensex has dropped by 4.02%. These metrics highlight the stock's current market position and performance within the steel industry, reflecting the ongoing volatility in the sector.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
