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JSW Steel Ltd stays well supported

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Capital Market

JSW Steel Ltd is quoting at Rs 298.3, up 1.79% on the day as on 12:49 IST on the NSE. The stock is up 0.59% in last one year as compared to a 14.68% spurt in NIFTY and a 11.3% spurt in the Nifty Metal.

JSW Steel Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 298.3, up 1.79% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 11710.75. The Sensex is at 39001.39, up 0.85%. JSW Steel Ltd has risen around 2.44% in last one month.

 

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has risen around 4.65% in last one month and is currently quoting at 3044.15, up 3.14% on the day. The volume in the stock stood at 46.63 lakh shares today, compared to the daily average of 83.56 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 300.55, up 1.92% on the day. JSW Steel Ltd is up 0.59% in last one year as compared to a 14.68% spurt in NIFTY and a 11.3% spurt in the Nifty Metal index.

The PE of the stock is 8.09 based on TTM earnings ending December 18.

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First Published: Apr 01 2019 | 1:00 PM IST

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