JSW Steel Ltd extends winning spree

28 Mar 2022 , 01:00 PM

JSW Steel Ltd rose for a fifth straight session today. The stock is quoting at Rs 727.45, up 0.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 17162.45. The Sensex is at 57369.57, up 0.01%. JSW Steel Ltd has added around 12.85% in last one month.

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has added around 6.87% in last one month and is currently quoting at 6500.2, up 0.9% on the day. The volume in the stock stood at 52.72 lakh shares today, compared to the daily average of 65.61 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 724.15, up 0.41% on the day. JSW Steel Ltd is up 55.62% in last one year as compared to a 15.61% gain in NIFTY and a 65.49% gain in the Nifty Metal index.

The PE of the stock is 9.5 based on TTM earnings ending December 21.

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