Shares of JSW Steel dropped nearly 2.5% on the BSE in Saturday’s special trading session to the day’s low of Rs 885.50 after reporting a 64% YoY loss in the fourth quarter of FY24. The steel major on Friday reported a drop in consolidated net profit to Rs 1,299 crore for the quarter ended March … Read more
JSW Steel, part of the iron & steel industry, has been rangebound for the past 6 months but it did manage to find support above the neckline of 2-tear consolidation on the weekly charts, which also coincides with a 50-week moving average. Short-term traders can look to buy the stock now for a possible target … Read more
Shares of JSW Steel jumped over 4.4% on Friday to hit their day’s high of Rs 835.60 on the NSE after the company announced incorporating a wholly-owned arm JSW Green Steel Ltd for the manufacture of hot-rolled and cold-rolled steel products. The stock also breached the Rs 2 lakh crore market capitalisation mark in the … Read more
