Current Market Overview of Jsw Steel Shares
As of
Technical Analysis Insights
From a technical perspective, Jsw Steel is performing strongly, trading above short-term simple moving averages (SMA) for 5, 10, and 20 days, as well as longer-term averages for 50, 100, and 300 days. This trend indicates a bullish sentiment among traders and investors alike.
Trading Indicators and Pivot Levels
The classic pivot level analysis reveals key resistance levels for Jsw Steel at ₹1014.1, ₹1027.2, and ₹1035.5. Conversely, crucial support levels are identified at ₹992.7, ₹984.4, and ₹971.3. Monitoring these levels will be essential for traders looking to capitalize on price movements.
Trading Volume and Market Sentiment
By 11 AM today, Jsw Steel recorded a staggering 189.87% increase in trading volume on the NSE and BSE compared to the previous session. High trading volumes paired with a positive price movement often indicate a sustainable uptrend, while similar patterns in negative price movements can signal further declines. This substantial uplift in volume reflects strong investor interest and confidence in the stock.
Overall Market Position
According to technical analyses from various market experts, Jsw Steel is currently on a robust bullish trajectory, signaling a healthy market momentum. The company holds a return on equity (ROE) of 12.29%, and the current price-to-earnings (P/E) ratio stands at 33.36. These figures suggest that the stock is quite a favor in terms of profitability relative to its market price.
Future Outlook
Projections indicate that the median one-year forecast for Jsw Steel presents an upside potential of approximately 8.57%, with a possible target price of ₹937.00. Investors should keep an eye on these projections as part of their long-term financial planning.
Shareholding Structure
| Shareholder Type | Percentage Holding |
|---|---|
| Promoter Holding | 44.81% |
| Mutual Fund Holding | 6.86% (up from 6.59% in March) |
| Foreign Institutional Investor (FII) Holding | 10.51% (down from 11.05% in March) |
Market Comparison
Today, Jsw Steel has shown a 2.3% rise, aligning with trends seen across its competitors in the industry. While Jsw Steel is building momentum, broader indices like Nifty and Sensex have experienced declines of 0.94% and 1%, respectively, underscoring the stock’s resilience in the current market conditions.
