Jindal Steel & Power Limited (JINDALSTEL) is currently trading around ₹950 after a modest rebound in the last trading session. Over the past year, the stock has ranged from a high of ₹1,074 to a low of approximately ₹723, reflecting significant volatility. Much of July 2025 has seen the stock consolidating within the ₹932–₹950 zone after registering strong gains earlier in the year.
Jindal Steel & Power is among India’s leading steel producers and is active in both mining and the power sector, with operations that span internationally. The company holds a market capitalization close to ₹97,000 crore.
From a financial perspective, revenue growth has moderated, averaging about 6% compounded annually over five years, with a slight decline observed in the recent trailing twelve months. Profit growth has slowed as well, and return on equity is near 8% for the past year. The operating profit margin remains stable just under 20%, but is below the company’s multi-year peak levels. The stock trades at a price-to-earnings ratio in the higher twenties, reflecting a valuation premium that is partly attributed to its business diversification and international reach.
Recently, the resignation of CFO Mayank Gupta, effective mid-July 2025, may create some near-term uncertainty in investor sentiment. On the positive side, the promoters have increased their stake by about 1% in the recent quarter—a sign of internal confidence.
On the technical chart, ₹950 serves as both a support and resistance level. Sustained movement above this could pave the way toward retesting the 52-week highs, while a drop below this area could invite further downward consolidation to the ₹930 or lower levels.
In summary, Jindal Steel & Power continues to be fundamentally sound within the steel sector, despite softer growth figures and current price consolidation. Investors should watch for potential breakouts near current levels, keep an eye on management transitions, and monitor broader sector trends for further cues.
Jindal Steel & Power is among India’s leading steel producers and is active in both mining and the power sector, with operations that span internationally. The company holds a market capitalization close to ₹97,000 crore.
From a financial perspective, revenue growth has moderated, averaging about 6% compounded annually over five years, with a slight decline observed in the recent trailing twelve months. Profit growth has slowed as well, and return on equity is near 8% for the past year. The operating profit margin remains stable just under 20%, but is below the company’s multi-year peak levels. The stock trades at a price-to-earnings ratio in the higher twenties, reflecting a valuation premium that is partly attributed to its business diversification and international reach.
Recently, the resignation of CFO Mayank Gupta, effective mid-July 2025, may create some near-term uncertainty in investor sentiment. On the positive side, the promoters have increased their stake by about 1% in the recent quarter—a sign of internal confidence.
On the technical chart, ₹950 serves as both a support and resistance level. Sustained movement above this could pave the way toward retesting the 52-week highs, while a drop below this area could invite further downward consolidation to the ₹930 or lower levels.
In summary, Jindal Steel & Power continues to be fundamentally sound within the steel sector, despite softer growth figures and current price consolidation. Investors should watch for potential breakouts near current levels, keep an eye on management transitions, and monitor broader sector trends for further cues.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.