Jindal Steel Share Price | Jindal Steel And Power Limited (NSE: JINDALSTEL ) shares witnessed a slight fall on Thursday, 08 May 2025. At the end of the day’s trading, the share price of Jindal Steel and Power closed at ₹851.15, showing a decline of 3.12% (₹27.45) against the previous close of ₹878.60 due to war tensions between India and Pakistan.
Thursday, May 08, 2025, Status of Major Indices
On Thursday, May 8, 2025, the Nifty Bank Index fell by -245.25 points, or -0.45 percent, to 54365.65 compared to the previous close of 54,610.90. While the Nifty 50 Index fell by -140.60 points, or -0.58 percent, to 24,273.80. Meanwhile, the S&P BSE Smallcap Index fell by -234.20 points, or -1.43 percent, to 16183.75.
On Thursday, May 8, 2025, Jindal Steel’s share price opened at ₹878.60 and the stock was in downtrend throughout the day. The stock hit an intraday high of ₹882.30 and an intraday low of ₹839.10. It closed at ₹851.15, below its opening price. This intraday movement indicates a bearish trend, as the stock failed to maintain higher levels and closed lower than it opened, suggesting a negative sentiment in the market.
| Description | Figures |
|---|---|
| Market Cap (Intraday) | 861.177B |
| Previous Close | 878.60 |
| Open | 878.60 |
| Today’s High | 882.30 |
| Today’s Low | 839.10 |
| 52 Week High | 1097 |
| 52 Week Low | 723.35 |
| Volume | 1,585,781 |
| Avg. Volume | 2,058,135 |
| PE Ratio (TTM) | 30.56 |
| EPS (TTM) | 27.85 |
Today’s Trading Volume and Value
- Traded Volume: 15.86 Lakhs
- Traded Value: 136.76 Crores
- % of Deliverable / Traded Quantity: 49.50%
Thursday, May 08, 2025, Jindal Steel Technical Analysis
- 10-day Moving Average: Jindal Steel’s price is trading below its 10-day exponential moving average of ₹881.94, indicating a bearish short-term trend.
- 50-day Moving Average: The stock is also trading below its 50-day exponential moving average of ₹882.73, suggesting a bearish medium-term trend.
- 100-day Moving Average: Jindal Steel’s price remains below its 100-day exponential moving average of ₹891.40, which signals a bearish long-term trend.
- MACD (Moving Average Convergence Divergence): The MACD level stands at 0.08, which is marginally positive but still indicates a weak bearish signal, suggesting limited upward momentum in the stock.
- RSI (Relative Strength Index): The RSI stands at 41.87, which is in the neutral zone but leans towards weakness, indicating that the stock is neither overbought nor oversold but is showing some weakness in momentum.
- Immediate Support and Resistance Levels: Based on the moving averages and overall price action, Jindal Steel’s immediate support appears to be near ₹839.10, which is the intraday low observed on May 8, 2025. The nearest resistance is around ₹882.30, which corresponds to the intraday high and the short-term exponential moving average levels.
About Jindal Steel and Power Limited
Jindal Steel and Power Limited (JSPL) is a major player in India’s steel, power, mining, and infrastructure markets. The company manufactures a wide range of steel products, including TMT bars, plates, coils, rails, and structural beams, for various industries such as construction, automotive, and engineering. JSPL’s integrated operations include ironmaking, steel production, and power generation, with a total capacity of more than 9.6 million tonnes of liquid steel and 6.65 million tonnes of finished steel per year. The company also runs captive power plants with a combined capacity of about 1,634 megawatts.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
