What Is Latest Jindal Steel - Share Price & Details | |
Jindal Steel & Power Limited (JSPL) shares are trading on the National Stock Exchange (NSE) for around ₹1,026.95 as of June 2024. The stock's movement has been somewhat unpredictable, with important support and resistance levels having a major influence. The stock has immediate support around ₹925.43 and a potential steeper fall below this level, with significant backing at ₹823.92. The upside has an immediate resistance barrier at 1,104.23 ₹, and a bigger rally towards 1,181.52 might follow a successful break of this level. As per experts at StockGro, the stock went through a considerable range of prices the previous week, closing at ₹901.2 and reaching a high of ₹1,080. The trading range for the next week is anticipated to fall somewhere between ₹746.63 and ₹1,283.03. At its core, JSPL has shown strong success in the fiscal year ended March 2023, raking in ₹51,180.08 crore in operational revenue. The firm has a book value per Jindal Steel share price of ₹446 and a market capitalization of around ₹104,758 crore. Return on equity (ROE) at 13% and return on capital employed (ROCE) at 12% are important financial indicators. The stock's technical indications point to a mixed mood. The divergence between moving averages and the relative strength index (RSI) points to caution, even though the moving averages show a positive trend overall. Prior to making any financial commitments, it is crucial for investors to conduct a comprehensive analysis of the market as a whole and, more specifically, the performance of JSPL. This includes monitoring key support and resistance levels, which can provide valuable insights for investment decisions. | |
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Target State: All States Target City : All Cities Last Update : 27 June 2024 4:42 PM Number of Views: 43 | Item Owner : StockGro Contact Email: Contact Phone: (None) |
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