JINDALSAW.NS jumps 20.80% to INR 186.80 on 20 Jan 2026: Year view shows +73.25% upside

JINDALSAW.NS stock led NSE gainers on 20 Jan 2026, closing at INR 186.80, up 20.80% on heavy turnover of 65,747,807 shares. The move followed a gap open at INR 179.00 and a day high of INR 189.95, signalling aggressive buying. Today’s surge outpaced the Basic Materials sector and pushed the stock well above its 50-day average of INR 164.99. We examine why the market moved, how fundamentals stack up, and what price targets traders and analysts are watching

Price action: JINDALSAW.NS stock breakout and volume

JINDALSAW.NS stock jumped 20.80% to INR 186.80 on 20 Jan 2026 with volume of 65,747,807, nearly 37.7x its average volume of 1,745,548. The intraday range ran from INR 179.00 to INR 189.95, confirming a strong short-covering and fresh buying interest. This single-day jump lifted the one-day change metric and produced a positive MACD histogram and RSI at 58.49, indicating momentum without extreme overbought readings.

Valuation and fundamentals: cheap relative to sector

Jindal Saw Limited (JINDALSAW.NS) trades at a trailing PE of 10.16 and PB of 0.95, below the Basic Materials sector average PE of 33.97. EPS is INR 17.64 and book value per share is INR 185.50, showing the stock trades close to book. Market cap stands at INR 114,237,418,093.00 and dividend per share is INR 2.00, with a yield near 1.12%. Lower multiples suggest value play versus peers but watch earnings quality and working capital cycles.

Technical view and momentum: short-term strength

Technicals back the rally: RSI 58.49, MACD histogram 1.38, CCI 144.58, and Stochastic %K 86.88 show bullish momentum. Price sits above the 50-day average (INR 164.99) but below the 200-day average (INR 204.02), so short-term trend is positive while long-term trend remains mixed. Traders may target a near-term resistance cluster around INR 210.00 and watch RSI and OBV for confirmation.

Meyka AI grade and forecast: rating, targets and model view

Meyka AI rates JINDALSAW.NS with a score out of 100: Score 74.57 | Grade B+ | Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12-month price of INR 323.59, implying an upside of 73.25% versus the current INR 186.80. The model also shows a 1-month figure of INR 150.10, implying a short-term downside of -19.65%. Forecasts are model-based projections and not guarantees.

Risks and catalysts affecting JINDALSAW.NS stock

Primary risks include commodity price swings, slower demand in oil and gas pipe segments, and inventory cycle stress (days of inventory 173.54). NetDebt/EBITDA sits near 1.99, and interest coverage is 6.43, so leverage is moderate but not negligible. Catalysts that could sustain gains: stronger order inflows for line pipe exports, higher utilisation at pellet plants, or favourable policy moves for water infrastructure.

Trading strategy and practical price targets

For traders, a short-term target is INR 210.00 with a stop below INR 170.00 to limit downside from profit-taking. For investors, Meyka AI’s model and valuation offer a 12-month target of INR 323.59. Conservative analysts may set a 12-month price target range INR 260.00–INR 324.00, balancing valuation, sector multiples, and execution risk. Position sizing should reflect volatility and exposure to the Basic Materials sector.

Final Thoughts

JINDALSAW.NS stock led the NSE gainers on 20 Jan 2026, rising to INR 186.80 on volume of 65,747,807, driven by strong intraday buying and technical momentum. Valuation metrics — PE 10.16 and PB 0.95 — mark the stock as relatively cheap against the Basic Materials peer group. Meyka AI rates the stock B+ (Score 74.57) and highlights both value and execution strengths. Meyka AI’s forecast model projects a 12-month price of INR 323.59, implying an upside of 73.25% from today’s price; the model also shows a 1-month figure of INR 150.10, a near-term caution signal. Investors should weigh the upside against operational risks such as inventory cycles and commodity volatility. Use tight risk controls, and consider phased entries if you are targeting the modelled INR 323.59 year-end level. Forecasts are model-based projections and not guarantees. For the latest company details and filings, see the company website and the NSE quote page Jindal Saw website and NSE quote for JINDALSAW. Meyka AI provides this as an AI-powered market analysis platform to help frame decisions, not as investment advice.

FAQs

Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.