JINDALSAW.NS Stock Today: January 21 Post-Results Rally on QoQ Bounce
Jindal Saw share price jumped on 21 January after Q3 FY26 results showed a clear quarter-on-quarter rebound. On NSE, the stock was last near Rs 183, up 11.6% year to date and 16.8% over five sessions. Profit rose about 70% sequentially and revenue improved, though both declined year on year. A 1.96 million tonne pipe order book offers solid visibility. We explain the drivers, margin trends to track, and the chart setup that traders and investors in India should watch now.
Jindal Saw share price today
Shares of JINDALSAW.NS rallied nearly 18% intraday post results on 21 January before settling near Rs 183.22. The Jindal Saw share price now trades above the 50-DMA at Rs 165 and below the 200-DMA at Rs 203. Intraday range was Rs 180.5 to Rs 184.8. Post-results surge was highlighted by Upstox. See the reported move and prints here source.
The stock is up 11.6% YTD and 16.8% over five sessions, though it remains down 29.1% over one year. Volume was 19.7 lakh versus a 37.0 lakh average. The company’s market cap stands near Rs 11,902 crore. The Jindal Saw share price has rebounded from the 52-week low of Rs 153.0 but is well below the Rs 286.4 high, keeping medium-term recovery in focus.
Q3 FY26 highlights
Management delivered a strong sequential recovery with profit up around 70% QoQ and revenue higher, aided by better execution. Year on year, standalone net sales for the December 2025 quarter fell 7.69% to Rs 4,129.47 crore, indicating a softer base, per Moneycontrol source. For the Jindal Saw share price, the QoQ bounce mattered more than YoY pressure.
Commentary pointed to YoY margin compression but sequential improvement. We will track EBITDA margin recovery through product mix, export execution, and steel input trends. Water-pipe demand softness remains a risk. Next company update is expected around 30 April 2026, which could reset expectations. For the Jindal Saw share price, sustained margin gains would be a key support for any further re-rating.
Order book and execution outlook
A stable 1.96 million tonne pipe order book provides multi-quarter visibility across oil and gas, water, and industrial lines. This should support plant utilization and reduce revenue volatility. The Jindal Saw share price response reflects the market’s confidence that execution will translate into steadier cash flows, even as the company navigates timing of domestic awards and shipment schedules for export-heavy orders.
Water infrastructure orders have slowed, so mix will matter for margins. Working capital needs are elevated with a cash conversion cycle near 171 days and a quick ratio of 0.69. Leverage looks manageable with debt-to-equity around 0.43 and interest cover near 6.4x. Execution pace and collections will be central to sustaining the Q3 momentum and supporting the Jindal Saw share price.
Technicals and valuation snapshot
Momentum has improved. RSI is 58.5, CCI is 144.6, and stochastic is 86.9, flagging near-term overbought conditions. Price trades above the upper Bollinger band at Rs 172.8, suggesting extension. Immediate support sits near Rs 175 to Rs 176, with the 50-DMA at Rs 165. Key resistance is the 200-DMA near Rs 203 and the previous swing zone. Traders should manage risk given ATR near Rs 4.25.
At current levels, Jindal Saw trades at about 10.6x TTM EPS, 1.0x P/B, and roughly 6.8x EV/EBITDA, with a 1.07% dividend yield. Market cap is about Rs 11,902 crore. If margins stabilize and execution stays firm, these metrics can underpin sentiment. Investors should reassess after the next update to see if the Jindal Saw share price strength holds.
Final Thoughts
What stands out is a sharp QoQ recovery that the market rewarded, while YoY softness keeps expectations in check. The 1.96 million tonne order book gives visibility, but margin recovery, segment mix, and working capital discipline will decide how durable this move is. On the chart, price sits above the 50-DMA and below the 200-DMA with near-term overbought signals. Our takeaways: track EBITDA margin trends, order conversion, and cash cycle, and watch Rs 175 to Rs 176 as support and Rs 203 as resistance. For investors following the Jindal Saw share price, discipline around catalysts and levels remains essential. This is not investment advice.
FAQs
Why did the Jindal Saw share price jump after results?
The market focused on a strong QoQ rebound. Profit rose about 70% sequentially and revenue improved, signaling better execution. Despite YoY declines in sales and margins, a stable 1.96 million tonne order book supports visibility. Traders also reacted to the stock moving above the 50-DMA, improving near-term momentum.
How did Jindal Saw’s Q3 performance compare QoQ vs YoY?
Quarter on quarter, profit rose around 70% and revenue increased, showing recovery. Year on year, standalone net sales for the December 2025 quarter fell 7.69% to Rs 4,129.47 crore. Margins were softer YoY but improved sequentially. This mix explains why the market bid up the stock despite headline YoY declines.
What is Jindal Saw’s current order book and why does it matter?
The company has a 1.96 million tonne pipe order book. This provides multi-quarter visibility across oil and gas, water, and industrial segments. A robust backlog helps stabilize utilization and supports earnings confidence if execution stays on track. It is a key support for the Jindal Saw share price outlook.
What technical levels should traders watch on Jindal Saw?
Near-term support sits around Rs 175 to Rs 176, with the 50-DMA near Rs 165. Resistance is around the 200-DMA at Rs 203 and prior swing zones. Indicators show near-term overbought conditions, so pullbacks are possible. Momentum remains constructive while price holds above the 50-DMA.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
