Mon Oct 21 06:41:19 UTC 2024: ### Summary of Jsw Steel Share Price Update (October 14)

– **Current Share Price**: ₹1010, down by 0.14% from previous close.
– **Market Performance**: Sensex at ₹81,973.05, up by 0.73%.
– **Trading Range**: High of ₹1032.2 and low of ₹1009 for the day.
– **Technical Analysis**:
– Jsw Steel shares are above 5, 20, 50, 100, and 300-day Simple Moving Averages (SMA) but below the 10-day SMA.
– Support levels: ₹1004.2, ₹995.5, ₹981.6.
– Resistance levels: ₹1026.8, ₹1040.7, ₹1049.4.
– **Trading Volume**: Decreased by 9.43% compared to the previous session.
– **Market Sentiment**: While the bullish trend intensity has diminished, investors are advised to wait for a bearish short-term trend for confirmation.
– **Fundamentals**:
– Return on Equity (ROE): 12.29%.
– Price-to-Earnings (P/E) Ratio: 33.71.
– Forecasted 1-year upside: 4.85% with a target price of ₹961.
– **Shareholding**:
– Promoter holding: 0.00%.
– Mutual Fund (MF) holding: Increased from 6.59% to 6.86%.
– Foreign Institutional Investor (FII) holding: Decreased from 11.05% to 10.51%.
– **Peer Comparison**: Mixed performance with peers; while Tata Steel and others are declining, Steel Authority of India shares are rising.
– **Benchmark Indices**: Nifty and Sensex both showing positive movement (up 0.66% and 0.73%, respectively).

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