JSW Steel Share Rises to ₹1,041.70 on April 22 Amid Positive Sectoral Sentiment
JSW Steel began the trading day with a marginal uptick, gaining 0.74% to reach ₹1,041.70 in early market hours, buoyed by steel demand optimism.
Key Highlights:
JSW Steel Share Rises to ₹1,041.70 in Early Trade – April 22 Market Snapshot
JSW Steel, one of India’s top steel producers, witnessed a positive start in today’s session on April 22, 2025. The stock advanced 0.74% to hit ₹1,041.70 as of 9:59 AM IST on the NSE.
JSW Steel Key Market Data (April 22, 2025)
- Open: ₹1,060.00
- Day’s High: ₹1,060.40
- Day’s Low: ₹1,037.00
- Last Traded Price (LTP): ₹1,041.70
- Previous Close: ₹1,034.00
- % Change: +0.74%
- Net Gain: ₹7.70
JSW Steel Opens Higher, Retraces Slightly on Profit Booking
Despite opening strong at ₹1,060.00 and hitting an intraday high of ₹1,060.40, JSW Steel experienced mild intraday consolidation, dipping towards ₹1,037. The recovery to ₹1,041.70 shows continued investor interest amid expectations of rising demand in both domestic and international markets.
What This Means for You
- Positional traders may interpret the movement as a potential base-building zone.
- Long-term investors tracking industrial growth and infrastructure push will find JSW Steel aligned with their strategy.
- Short-term holders should monitor volume around the ₹1,045–₹1,050 zone.
How to Take Action
- Momentum trade setup: Buy above ₹1,050 with a target of ₹1,070–₹1,080.
- Positional call: Add on dips near ₹1,030 if supported by broader index cues.
- Stop-loss for traders: ₹1,030 to mitigate intraday volatility.
Who Will Be Affected
- Equity traders focused on Nifty Metal stocks.
- ETFs and mutual funds with exposure to steel sector heavyweights.
- Export-focused investors watching for JSW’s global order books and pricing strength.
JSW Steel Fundamental Overview
| Metric | Value |
|---|---|
| Market Cap | ₹2.54 Lakh Crore |
| P/E Ratio | 77.16 |
| Dividend Yield | 0.70% |
| 52-Week High | ₹1,074.90 |
| 52-Week Low | ₹823.80 |
While the P/E ratio remains elevated, investor sentiment is backed by volume growth and capex-led expansion in FY25.
Sector Sentiment: Steel Stocks Stable Amid China Demand Rebound
The positive opening in JSW Steel mirrors a broader resilience across metal stocks, supported by:
- Reports of Chinese demand pick-up in the construction sector.
- Higher export margins due to weak rupee.
- Domestic infra push from the government post-Q4 budget rollout.
JSW Steel’s April 22 Movement Signals Near-Term Strength
JSW Steel’s rise to ₹1,041.70 today reflects investor confidence and global commodity support. While intraday volatility persists, the stock remains poised for a near-term breakout above the ₹1,050 mark.
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