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JSW Steel Ltd sees good buying

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JSW Steel Ltd is quoting at Rs 289.55, up 1.29% on the day as on 12:49 IST on the NSE. The stock is down 8.4% in last one year as compared to a 2.26% gain in NIFTY and a 30.08% gain in the Nifty Metal.

JSW Steel Ltd rose for a fifth straight session today. The stock is quoting at Rs 289.55, up 1.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.28% on the day, quoting at 10822.1. The Sensex is at 36014.94, up 0.4%. JSW Steel Ltd has added around 8.14% in last one month.

 

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has added around 0.71% in last one month and is currently quoting at 2842.2, up 0.17% on the day. The volume in the stock stood at 85.27 lakh shares today, compared to the daily average of 72.52 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 290, up 1.4% on the day. JSW Steel Ltd is down 8.4% in last one year as compared to a 2.26% gain in NIFTY and a 30.08% gain in the Nifty Metal index.

The PE of the stock is 7.88 based on TTM earnings ending December 18.

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First Published: Feb 25 2019 | 1:01 PM IST

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