Stock of Interest

Posted On: July 26, 2023

Stock Report : JSL (NSE) 25 Jul 2023

Jindal Stainless (JSL) is India’s leading stainless-steel manufacturer with a 2.9 MT annual melt capacity and an INR 35,700 crore annual turnover. It operates two manufacturing complexes in Haryana and Odisha, India, and an overseas unit in Indonesia, serving Southeast Asia. The company has a global presence in 15 countries, a service centre in Spain, 10 sales offices, and six service canters in India. With integrated operations, Jindal Stainless ranks among the world’s top five stainless steel players and is known for innovation, social responsibility, and safety practices.

#xCalData predicts JSL will continue its Bullish phase over the next five days and trend in the range of 363 to 383. 

In comparison to the previous month, the price of the stock has experienced an increase of 13.56% indicating a Bullish. 

The Stock has doubled Thrice since 09 Dec 2015 and took an average of 2.4 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only MFI and Stochastic Oscillator indicates bearish view.  

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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