Jindal Steel (India) Price on July 16, 2024
| JINDALSTEL | 906.45 9.45 1.05% |
Below is the normalized historical share price chart for Jindal Steel Power extending back to September 29, 1999. 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 Steel stands at 906.45, as last reported on the 30th of November, with the highest price reaching 912.50 and the lowest price hitting 892.00 during the day.
If you're considering investing in Jindal Stock, it is important to understand the factors that can impact its price. Jindal Steel Power holds Efficiency (Sharpe) Ratio of -0.045, which attests that the entity had a -0.045% return per unit of risk over the last 3 months. Jindal Steel Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jindal Steel's Standard Deviation of 1.72, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide.
At this time, Jindal Steel's Common Stock Shares Outstanding is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 18.5 B in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 635.3 B in 2024. . Jindal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 950.5303 | 50 Day MA 944.611 | Beta 1.32 |
Jindal |
Sharpe Ratio = -0.045
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| Negative Returns | JINDALSTEL |
Estimated Market Risk
| 1.75 actual daily | 15 85% 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 Steel 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 Steel by adding Jindal Steel to a well-diversified portfolio.
Price Book 2.0479 | Enterprise Value Ebitda 9.9066 | Price Sales 1.8335 | Shares Float 379.9 M | Wall Street Target Price 1.1 K |
Jindal Steel Valuation on July 16, 2024
It is possible to determine the worth of Jindal Steel on a given historical date. On July 16, 2024 Jindal was worth 1011.88 at the beginning of the trading date compared to the closed value of 1006.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Jindal Steel stock. Still, in general, we apply an absolute valuation method to find Jindal Steel's 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 Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Jindal Steel's related companies.
| Open | High | Low | Close | Volume | |
| 1,016 | 1,019 | 1,001 | 1,006 | 1,118,459 | |
07/16/2024 | 1,012 | 1,026 | 1,006 | 1,007 | 1,706,821 |
| 1,013 | 1,013 | 974.36 | 985.43 | 4,764,249 |
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Jindal Steel Trading Date Momentum on July 16, 2024
| On July 18 2024 Jindal Steel Power was traded for 985.43 at the closing time. The highest price during the trading period was 1,013 and the lowest recorded bid was listed for 974.36 . The volume for the day was 4.8 M. This history from July 18, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 2.12% . The trading delta at closing time to the current price is 6.12% . |
Jindal Steel Power Fundamentals Correlations and Trends
By evaluating Jindal Steel's 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 Steel's 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 Steel Stock history
Jindal Steel 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 Steel Power 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 Steel stock prices may prove useful in developing a viable investing in Jindal Steel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1 B | 1.1 B | |
| Net Income Applicable To Common Shares | 36.5 B | 38.3 B |
Jindal Steel Stock Technical Analysis
Jindal Steel 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.
Price Boundaries
Jindal Steel Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Jindal Steel Power 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 Steel November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Jindal Steel 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 Steel shares will generate the highest return on investment. By undertsting and applying Jindal Steel stock market strength indicators, traders can identify Jindal Steel Power entry and exit signals to maximize returns
Jindal Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Jindal Steel's 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.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.21) |
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Additional Tools for Jindal Stock Analysis
When running Jindal Steel's price analysis, check to measure Jindal Steel's 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 Steel is operating at the current time. Most of Jindal Steel's value examination focuses on studying past and present price action to predict the probability of Jindal Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Steel's price. Additionally, you may evaluate how the addition of Jindal Steel to your portfolios can decrease your overall portfolio volatility.