Jsw Steel share are down by -0.21%, Nifty down by -0.12%

Jsw Steel Share Price Today on 09-10-2024: On the last trading day, Jsw Steel opened at 1001.05 and closed at 996.60. The stock reached a high of 1012 and a low of 987 during the trading session.

Livemint
Published9 Oct 2024, 11:19 AM IST
Jsw Steel Share Price Today Live Updates
Jsw Steel Share Price Today Live Updates

Jsw Steel Share Price Today on : At 09 Oct 16:00 today, Jsw Steel shares are trading at price 996.6, -0.21% down from the previous closing price. Sensex is trading at 81467.1, down by -0.21%. The stock has hit a high of 1012 and a low of 987 during the day.

On the technical front, the stock is trading above the 20,50,100,300 days SMA & lower than the 5,10 day SMA. The stock will have support at 20,50,100,300 days SMA & face resistance at 5,10 days SMA

The SMA values for the stock are given below :

DaysSimple Moving Average
51029.90
101010.93
20981.18
50941.40
100927.43
300881.94

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 1009.2, 1023.6, & 1035.7, whereas it has key support levels at 982.7, 970.6, & 956.2.

Till 4 PM today, the volume traded on NSE & BSE for Jsw Steel was 7.18% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is showing initial signs of a trend reversal after a robust uptrend.

From a fundamental analysis perspective, the company has a ROE of 12.29% .The current P/E of the stock is at 33.25 .

The median 1-year forecasted upside in this share is at 3.57% with a target price of 961.00.

The company has a 44.81% promoter holding, 6.86% MF holding, & 10.51% FII holding as per filings in the june quarter.

The MF holding has increased from 6.59% in march to 6.86% in the june quarter.

The FII holding has decreased from 11.05% in march to 10.51% in the june quarter.

Jsw Steel share price down -0.21% today to trade at 996.6 while its peers are mixed. Its peers such as Tata Steel, Jindal Stainless, Steel Authority Of India are falling today, but its peers Jindal Steel & Power are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.12% & -0.21% each respectively.

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First Published:9 Oct 2024, 11:19 AM IST
Business NewsMarketsJsw Steel share are down by -0.21%, Nifty down by -0.12%

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