Jindal Saw Faces Continued Decline Amid Broader Market Challenges in January 2025

Jan 28 2025 11:15 AM IST
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Jindal Saw's shares fell by 5.0% on January 28, 2025, continuing a three-day decline totaling 13.45%. The stock underperformed its sector and is trading below key moving averages. Over the past month, it has declined by 27.01%, significantly more than the Sensex's 3.51% decrease.
Jindal Saw, a midcap player in the Steel/Sponge Iron/Pig Iron industry, has experienced a notable decline today, with shares dropping by 5.0% on January 28, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, accumulating a total decline of 13.45% during this period.

In today's trading, Jindal Saw underperformed its sector, which saw an overall decrease of 2.24%. The stock reached an intraday low of Rs 218.5, reflecting a drop of 4.94% at its lowest point. Additionally, Jindal Saw is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

Over the past month, Jindal Saw has faced significant challenges, with a decline of 27.01%, contrasting sharply with the Sensex, which has only decreased by 3.51% during the same timeframe. This performance highlights the ongoing struggles faced by Jindal Saw in the current market environment.
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