JSW Steel Faces Momentum Shift Amid Broader Market Decline and Mixed Trends

Feb 10 2025 10:05 AM IST
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JSW Steel Ltd. saw a decline on February 10, 2025, underperforming the steel sector and the Sensex. Despite a positive month overall, the stock's recent performance indicates a shift in momentum, with mixed trends in its moving averages reflecting short to medium-term fluctuations.
JSW Steel Ltd. has experienced a notable decline of 3.05% on February 10, 2025, underperforming the broader steel sector, which fell by 2.25%. The stock reached an intraday low of Rs 950.4, reflecting a decrease of 3.13% during the trading session.

In terms of moving averages, JSW Steel's performance is currently above its 5-day, 20-day, 50-day, and 200-day moving averages, yet it remains below the 100-day moving average. This indicates a mixed trend in the stock's short to medium-term performance.

Over the past month, JSW Steel has shown a positive performance, gaining 5.69%, significantly outperforming the Sensex, which recorded a modest increase of 0.20%. However, the recent daily performance highlights a shift in momentum, as the stock has not only underperformed the sector but also the broader market index, the Sensex, which saw a decline of 0.42% on the same day.
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