JSW Steel Ltd is currently trading at Rs 993.2, marking a 1.13% increase on the day as of 12:49 PM IST on the NSE. Over the past year, the stock has seen a substantial growth of 27.35%, outperforming the NIFTY which gained 31.92% and the Nifty Metal index which saw a 43.3% increase.
The positive trend for JSW Steel Ltd continues for the third consecutive session, with the stock showing resilience in the market. The NIFTY is up by around 0.06% at 25955.35, while the Sensex stands at 84997.01, up by 0.08%. JSW Steel Ltd has gained approximately 3.08% in the last month alone.
As a constituent of the Nifty Metal index, JSW Steel Ltd has contributed to the index’s growth of 1.98% in the last month. The index is currently trading at 9454.85, reflecting a 2.37% increase for the day. The trading volume for JSW Steel Ltd reached 44.99 lakh shares today, surpassing the daily average of 21.6 lakh shares over the past month.
The benchmark September futures contract for JSW Steel Ltd is valued at Rs 993.1, showing a 1.04% increase for the day. With a PE ratio of 31.74 based on TTM earnings ending June 24, the stock presents a promising investment opportunity.
In conclusion, JSW Steel Ltd’s consistent performance and positive growth trajectory indicate strong potential for investors. The company’s strategic positioning within the Nifty Metal index, coupled with its impressive financial metrics, make it a compelling choice in the market.
Please note that no Business Standard journalist was involved in the creation of this content.
