JSW Steel Ltd Shares Rise 1.11% Amid Broader Market Decline
JSW Steel Ltd spurts 1.11%
Business Standard
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JSW Steel Ltd shares increased by 1.11%, reaching ₹1207.5 as of 12:49 IST on the National Stock Exchange (NSE). Over the past year, the stock has surged 21.94%, outperforming the NIFTY index's 4.29% gain, despite a recent 0.56% drop in the last month.
- 01JSW Steel shares rose 1.11% to ₹1207.5.
- 02The stock has gained 21.94% over the past year.
- 03NIFTY index increased by 4.29% in the same period.
- 04JSW Steel's price-to-earnings (PE) ratio is 40.52.
- 05The stock volume today was 15.67 lakh shares, below the monthly average.
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JSW Steel Ltd's stock price increased by 1.11%, reaching ₹1207.5 on the National Stock Exchange (NSE) as of 12:49 IST. This marks the third consecutive session of gains for the company. Over the past year, JSW Steel has seen a remarkable 21.94% increase, significantly outperforming the NIFTY index, which rose by only 4.29%. However, the stock has experienced a slight decline of 0.56% over the last month. In contrast, the Nifty Metal index, which includes JSW Steel, has dropped by 2.82% during the same period. Today's trading volume for JSW Steel was 15.67 lakh shares, lower than the monthly average of 21.84 lakh shares. The stock's price-to-earnings (PE) ratio stands at 40.52, based on trailing twelve months earnings ending December 25.
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The increase in JSW Steel's stock price may positively influence investor sentiment and market confidence, potentially leading to more investments in the steel sector.
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