Jsw Steel Share Price Today on 12-11-2024: Jsw Steel share price are down by -2.28%, Nifty down by -1.07%

Jsw Steel Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Jsw Steel shares are trading at price ₹956.4, -2.28% down from the previous closing price. Sensex is trading at ₹78675.18, down by -1.03%. The stock has hit a high of ₹986.55 and a low of ₹953.7 during the day.

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

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹977.28, ₹998.67, & ₹1009.53, whereas it has key support levels at ₹945.03, ₹934.17, & ₹912.78.

Jsw Steel Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Jsw Steel was -63.64% lower 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, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 12.29% & ROA of 4.09% respectively.The current P/E of the stock is at 47.89 & P/B is at 3.00.

The median 1-year forecasted upside in this share is at 3.20% with a target price of ₹987.00.

The company has a 0.00% promoter holding, 6.91% MF holding, & 10.65% FII holding as per filings in the september quarter.

The MF holding has increased from 6.86% in june to 6.91% in the september quarter.

The FII holding has increased from 10.51% in june to 10.65% in the september quarter.

Jsw Steel share price down -2.28% today to trade at ₹956.4 while its peers are mixed. Its peers such as Tata Steel, Jindal Steel & Power, Jindal Stainless, Lloyds Metals & Energy are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -1.07% & -1.03% each respectively.