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JSW Steel Ltd sees good buying

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Capital Market

JSW Steel Ltd is quoting at Rs 697.55, up 1.17% on the day as on 12:49 IST on the NSE. The stock is up 265.78% in last one year as compared to a 53.5% gain in NIFTY and a 166.48% gain in the Nifty Metal index.

JSW Steel Ltd rose for a third straight session today. The stock is quoting at Rs 697.55, up 1.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.19% on the day, quoting at 15829.45. The Sensex is at 52782.15, down 0.27%. JSW Steel Ltd has dropped around 1.88% in last one month.

 

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has dropped around 2.71% in last one month and is currently quoting at 5223.95, up 1.49% on the day. The volume in the stock stood at 38.92 lakh shares today, compared to the daily average of 87.44 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 695.15, up 1.15% on the day. JSW Steel Ltd is up 265.78% in last one year as compared to a 53.5% gain in NIFTY and a 166.48% gain in the Nifty Metal index.

The PE of the stock is 19.25 based on TTM earnings ending March 21.

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First Published: Jun 28 2021 | 1:06 PM IST

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