JSWSTEEL.NS Stock Today: Axis Securities ‘Buy’ in Focus — December 31
The jsw steel share price is in focus today after a fresh Buy call from Axis Securities. JSW Steel (JSWSTEEL.NS) rallied into year-end trade, drawing interest from retail and institutional desks. We break down jsw steel stock today with live levels, key technicals, and what the new brokerage view could mean for near-term moves. We also outline catalysts to watch ahead of the next results and how sector drivers may influence the trend.
JSW Steel stock today: price, volumes, and key levels
The jsw steel share price trades at ₹1,164.80, up ₹72.20 (+6.61%) versus the previous close of ₹1,092.60. Intra-day range is ₹1,132.60–₹1,169.00, with volume at ~58.82 lakh shares against a 20-day average near 15.72 lakh. Market cap stands at ~₹2.71 lakh crore. For live context, see Economic Times’ updates on price action here.
Price sits above the 50-DMA (₹1,143.88) and 200-DMA (₹1,071.35). RSI at 48.42 is neutral, while MACD histogram (+2.01) hints at improving momentum. ADX at 27.82 signals a firm trend. The jsw steel share price is just above the Bollinger upper band (₹1,161.50) and Keltner upper (₹1,154.60), flagging a potential near-term overextension. ATR of ₹22.72 suggests a wide daily range.
Axis Securities ‘Buy’ rating in focus
Axis Securities’ Buy rating has boosted sentiment in India’s steel bellwether. As reported by Business Standard, the brokerage cited three reasons behind its bullish view source. The call puts the jsw steel share price on traders’ dashboards into the year-end. Large-cap moves here often influence sector peers and short-term positioning across metal indices.
Beyond the headline, we watch steel spreads versus coking coal and iron ore, domestic demand from infra and autos, and export pricing cues. The jsw steel share price could react to management updates and quarterly commentary. The next results date is 23 January 2026. Any guidance on volumes, mix, and margins may set the tone for the first weeks of the new year.
Steel sector outlook and positioning
Our steel sector outlook tracks government capex flows, housing activity, and auto production, along with China price signals. Stable ore supply and manageable coal costs would help margins. For traders, the jsw steel share price often mirrors these inputs with a lag. Export orders and any policy updates on duties or rebates remain key watchpoints for early signals.
At a P/E of 45.22 on TTM EPS of ₹24.58 and a dividend yield of ~0.26%, investors weigh growth against valuation. Risks include raw material swings, global steel prices, rupee moves, and regulatory changes. Catalysts: production run-rate, cost guidance, and capex progress. The jsw steel share price also respects the 50-DMA and 200-DMA as important trend guards.
Final Thoughts
Today’s move puts the jsw steel share price back near the upper end of recent ranges, with price action supported by rising volumes and a strong trend read on ADX. Axis Securities’ Buy call has improved sentiment, but follow-through will likely depend on spreads, demand prints, and commentary at the January results. For traders, watch ₹1,143–₹1,145 as a tactical support zone and ₹1,169–₹1,170 as the immediate supply area. A sustained hold above the 50-DMA would keep the bias positive, while a close back inside the Bollinger band could cool intraday momentum. Investors may prefer staggered entries and strict risk limits, given volatility near year-end and the upcoming earnings catalyst.
FAQs
As of the latest trade, JSW Steel is at ₹1,164.80, up ₹72.20 (+6.61%) on the day. Intra-day range is ₹1,132.60–₹1,169.00, versus a previous close of ₹1,092.60. Market cap is about ₹2.71 lakh crore, with volume well above average.
Axis Securities issued a Buy rating, which lifted near-term sentiment. The stock also broke above key moving averages, drawing trader interest. Higher-than-average volumes and price action near the Bollinger upper band added to the attention on a day of active year-end trading.
The rating helps sentiment, but decisions should factor in valuation and risks. At 45.22x TTM P/E and a ~0.26% yield, investors may prefer staggered entries. Watch spreads, demand, and management guidance at the 23 January 2026 results before making larger allocations.
Immediate supply sits near today’s high around ₹1,169. The 50-DMA near ₹1,144 and the 200-DMA near ₹1,071 are key supports. ATR at ₹22.72 suggests wider swings. A sustained close above the upper band zone may confirm strength; a dip inside could signal cooling.
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.
