Jsw Steel Market Update
- Stock performance (24 h ending 02:43 PM CET, Thursday 22 Oct 2026)
- Jsw Steel (JSWSTEEL.NS) closed 2.06 % higher.
- Current price: INR 1,220.
- Shares outstanding: 2.4 billion.
- Market capitalization: INR 3 trillion.
- Trading volume (last 24 h): INR 4.1 billion.
- Year‑to‑date trend: down 2.15 % since the end of the previous month.
- 200‑day simple moving average: INR 1,244.62.
- 52‑week high: INR 1,351 (27 Aug 2026).
- 52‑week low: INR 1,073.2 (18 Dec 2025).
Analyst Coverage
- Multiple brokerage houses have maintained buy ratings.
- Kotak Neo Research cites the company’s capacity expansion and improving balance‑sheet strength.
- Higher captive iron‑ore availability and domestic coking coal usage are expected to support long‑term earnings.
- Jefferies and other market observers regard Jsw Steel as a stable play within the steel sector, pointing to ongoing demand support and margin‑enhancing initiatives.
- Overall market sentiment remains positive, with analysts recognising strategic investments and resilient domestic operations as key drivers of future performance.
Related Stock Movements (Last 24 h)
| Stock | Ticker | % Change | Current Price (INR) | Market Cap (INR) | P/E Ratio | Key Notes |
|---|---|---|---|---|---|---|
| Eternal | ETERNAL.NS | -2.45 % | 304.45 | 2.9 trillion | 641.17 | Board approved use of proceeds from recent qualified institutions placement; capital deployed for dark store operations, marketing, technology infrastructure, and general corporate purposes. ICRA report confirmed no deviation from the plan. The company completed a slump sale of its Going‑Out India business to subsidiary ZEPL and executed a share swap with Adonmo for Mygate shares, part of a planned merger. |
| Hindustan Aeronautics | HAL.NS | -2.11 % | 4,875 | 3.3 trillion | 34.44 | Notice issued to BSE and NSE updating directorate information; Shri Anindya Biswas now designated DS & DG (Aero). No operational or financial details disclosed. |
| ITC | ITC.NS | +0.46 % | 258.9 | 3.3 trillion | 16.42 | — |
| Oil & Natural Gas | ONGC.NS | +0.28 % | 225 | 2.8 trillion | 6.63 | — |
| Ultratech Cement | ULTRACEMC.NS | -1.09 % | 10,958 | 3.2 trillion | 39.64 | Second‑quarter results showed revenue and earnings growth on higher volumes and modest pricing improvement. Operating costs increased due to raw‑material and fuel price rises. Management indicated cement prices had begun to recover and that pricing adjustments would continue to offset cost inflation. Brokerage houses retained bullish views citing scale, volume growth, and a developing cables and wires business, while some analysts lowered target prices due to fuel‑cost uncertainty and price sustainability concerns. |
All figures are sourced from market data feeds and company filings as of the closing of the 24‑hour trading period.
