Jindal Stainless (India) Price on August 12, 2024

JSL Stock   730.05  2.05  0.28%   
Below is the normalized historical share price chart for Jindal Stainless Limited extending back to November 17, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Jindal Stainless stands at 730.05, as last reported on the 25th of December, with the highest price reaching 736.80 and the lowest price hitting 712.80 during the day.
200 Day MA
732.3445
50 Day MA
707.207
Beta
1.114
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Jindal Stock, it is important to understand the factors that can impact its price. Jindal Stainless holds Efficiency (Sharpe) Ratio of -0.0421, which attests that the entity had a -0.0421% return per unit of risk over the last 3 months. Jindal Stainless exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jindal Stainless' Downside Deviation of 2.51, market risk adjusted performance of 0.0077, and Risk Adjusted Performance of 0.0098 to validate the risk estimate we provide.
  
At present, Jindal Stainless' Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 2 B, whereas Liabilities And Stockholders Equity is forecasted to decline to about 158.5 B. . Jindal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0421

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Estimated Market Risk

 1.97
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.08
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Jindal Stainless is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Jindal Stainless by adding Jindal Stainless to a well-diversified portfolio.
Price Book
3.8787
Enterprise Value Ebitda
13.3278
Price Sales
1.5915
Shares Float
359.4 M
Dividend Share
2

Jindal Stainless Valuation on August 12, 2024

It is possible to determine the worth of Jindal Stainless on a given historical date. On August 12, 2024 Jindal was worth 654.23 at the beginning of the trading date compared to the closed value of 678.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Jindal Stainless stock. Still, in general, we apply an absolute valuation method to find Jindal Stainless' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Jindal Stainless where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Jindal Stainless' related companies.
 Open High Low Close Volume
  668.69    676.97    657.02    661.06    558,564  
08/12/2024
  654.23    686.44    629.29    678.16    2,522,806  
  689.53    697.11    672.93    694.62    2,384,873  
Backtest Jindal Stainless  |  Jindal Stainless History  |  Jindal Stainless Valuation   PreviousNext  
Open Value
654.23
648.33
Downside
678.16
Closing Value
660.13
Upside

Jindal Stainless Trading Date Momentum on August 12, 2024

On August 13 2024 Jindal Stainless Limited was traded for  694.62  at the closing time. The highest price during the trading period was 697.11  and the lowest recorded bid was listed for  672.93 . The volume for the day was 2.4 M. This history from August 13, 2024 contributed to the next trading day price growth. The trading delta at closing time to the next closing price was 2.43% . The trading delta at closing time to the current price is 9.39% .

Jindal Stainless Fundamentals Correlations and Trends

By evaluating Jindal Stainless' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Jindal Stainless' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Jindal financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Jindal Stainless Stock history

Jindal Stainless investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Jindal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Jindal Stainless will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Jindal Stainless stock prices may prove useful in developing a viable investing in Jindal Stainless
Last ReportedProjected for Next Year
Common Stock Shares Outstanding823.8 M624.9 M
Net Income Applicable To Common Shares24.3 B25.5 B

Jindal Stainless Stock Technical Analysis

Jindal Stainless technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Jindal Stainless technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Jindal Stainless trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Jindal Stainless Period Price Range

Low
December 25, 2024
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High

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Jindal Stainless Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Jindal Stainless December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Jindal Stainless stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jindal Stainless shares will generate the highest return on investment. By undertsting and applying Jindal Stainless stock market strength indicators, traders can identify Jindal Stainless Limited entry and exit signals to maximize returns

Jindal Stainless Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Jindal Stainless' price direction in advance. Along with the technical and fundamental analysis of Jindal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Jindal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Jindal Stock analysis

When running Jindal Stainless' price analysis, check to measure Jindal Stainless' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jindal Stainless is operating at the current time. Most of Jindal Stainless' value examination focuses on studying past and present price action to predict the probability of Jindal Stainless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Stainless' price. Additionally, you may evaluate how the addition of Jindal Stainless to your portfolios can decrease your overall portfolio volatility.
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