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JSW Steel Ltd drops for fifth straight session

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Capital Market
Last Updated : Feb 24 2022 | 2:05 PM IST

JSW Steel Ltd is quoting at Rs 582.7, down 5.21% on the day as on 13:24 IST on the NSE. The stock jumped 38.16% in last one year as compared to a 9.07% rally in NIFTY and a 37.51% spurt in the Nifty Metal index.

JSW Steel Ltd fell for a fifth straight session today. The stock is quoting at Rs 582.7, down 5.21% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 3.5% on the day, quoting at 16466.45. The Sensex is at 55244.61, down 3.47%.JSW Steel Ltd has eased around 7.68% in last one month.Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has eased around 1.51% in last one month and is currently quoting at 5608.9, down 3.68% on the day. The volume in the stock stood at 34.51 lakh shares today, compared to the daily average of 32.96 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 584.65, down 4.98% on the day. JSW Steel Ltd jumped 38.16% in last one year as compared to a 9.07% rally in NIFTY and a 37.51% spurt in the Nifty Metal index.

The PE of the stock is 8.11 based on TTM earnings ending December 21.

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First Published: Feb 24 2022 | 1:35 PM IST

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