JSW Steel Ltd Share Price Today

Actions	Ex-Date	Record-Date
DividendsFinal Dividend of 710% at ₹7.1/Share	07-Jul-2026	07-Jul-2026
DividendsFinal Dividend of 280% at ₹2.8/Share	08-Jul-2025	08-Jul-2025

Mutual Fund Holder	Aug 26 Shares held	Sep 26 Shares held
SBI Nifty 50 ETF	1.82 Cr	1.87 Cr (2.64%)
HDFC Flexi Cap Fund - Growth	1.26 Cr	1.26 Cr no change
UTI Nifty 50 ETF	62.38 Lac	64.04 Lac (2.66%)
Nippon India ETF Nifty 50 BeES	57.09 Lac	59.94 Lac (5%)
SBI Arbitrage Fund - Regular Plan - Growth	57.46 Lac	58.28 Lac (1.42%)

ArthavrkshRA

3 Nov • 8:27 AM · SEBI-Registered Analyst

Nifty Pivot 23,400-23,320; Reliance, Steel Lead

Pre-open cues are positive. GIFT Nifty is up around 120 points as crude eased after breaking the $109 support, touching $103.28 and trading near $104.44, which brought risk appetite back. Yesterday Nifty opened above 23,000, moved towards the inverse Head & Shoulders measured-move reference and went up to 23,360. It then consolidated between 23,200 and 23,360 and settled near 23,440. RSI at about 68 is supporting the bull case however a negative divergence is forming, so caution is warranted. For the day, the pivot cluster is 23,400-23,320, with initial support at 23,280 and then 23,130. A move below 23,280 could see the index fill the gap towards the 23,060 area. A sustained move above 23,400 would bring 23,520 and 23,590 into view.

RELIANCE

, Tata Steel and JSW Steel were the top three Nifty 50 performers yesterday. Reliance rose over 11% after its Q2 numbers, having been on our radar with a harmonic pattern on 31 Oct. These heavyweights are worth tracking for index direction. When RSI nears overbought with negative divergence, momentum may be tiring; levels and the opening hour help judge whether the move continues or consolidates. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.

Vimal K

2 Nov • 10:01 PM · SEBI-Registered Analyst

Nifty Outlook for 03-Nov-2026 looks Bullish

The Nifty 50 closed on Monday, November 2, 2026, with a strong surge of 1.68% at 23,440.80, hitting its intraday high of the session. The index cleared its 20-day and 50-day moving averages, fueled by heavyweights like Reliance Industries, Tata Steel, and broad-based sectoral participation. The Daily MACD Histogram is above zero and the Hourly MACD Histogram is also above zero indicating a bullish trend. The Daily RSI 14 at 61.03 above the midline 50 levels indicate a bullish trend and the Hourly RSI 14 is at the overbought territory above the 70 levels at 74.33 also indicate a bullish trend. But we may see a consolidation or a correction. Thus, the overall trend of Nifty looks bullish, and the buyers are in control over the markets. Buy on dips would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level. Can Initiate selling only if prices continue to sustain below the support level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 23505 Resistance 2 - 23525 Support 1 - 23245 Support 2 - 23185 Happy Learning, Happy Trading and have a wonderful day Top Gainers : RELIANCE, JSWSTEEL, TATASTEEL. Top Losers : INFY, ICICIBANK, DRREDDY.

RELIANCE

Hruthik N

2 Nov • 4:15 PM · SEBI-Registered Analyst

Sensex Jumps 1,233 Points; Reliance Surges 11.6%

Sensex close: It ended at 75,692.78, up 1,233.25 points (about 1.7%), against Friday’s close of 74,459.53. Nifty close: The Nifty50 closed at 23,440.80, up 387.70 points (1.68%), after an intraday low of 23,207.05. Streak: This is the third straight gain, after rises on Thursday and Friday. Top gainer:

RELIANCE

led the Nifty50, up 11.60% to ₹1,300.00 on strong earnings. Other gainers: Tata Steel (+5.83% to ₹177.37) and JSW Steel (+5.13% to ₹1,309.90) followed, with Shriram Finance and Coal India also among the leaders. Top loser: Infosys fell the most, down 2.03% to ₹1,161.00. Other losers: ICICI Bank and Dr Reddy’s were also among the biggest losers, and another source listed Adani Ports, Sun Pharma, Axis Bank and HDFC Life. Sectors: Energy, PSU banks, consumer durables, infra, auto and oil & gas rose 1-4.6%, while IT, media and pharma fell about 0.5% each. Broader market: The Nifty Midcap index rose 1% and the Smallcap index 0.7%. Drivers: Falling oil prices and strong earnings from heavyweights, especially Reliance, strengthened sentiment.

Tejaswi

2 Nov • 12:43 PM · SEBI-Registered Analyst

JSW Steel: Record Sales Volumes in Q2,but premium valuations

JSWSTEEL

JSW Steel (NSE : JSWSTEEL) produces flat and long steel products. It has operations in India, the USA and Italy, with a combined crude steel capacity of 37.9 million tonnes. What happened: In Q2FY27, JSW Steel’s consolidated sales volume grew 13% year on year to 7.46 million tonnes, the highest ever. Flat product sales rose 16% and auto sector sales grew 36%, both at record levels. Realisations rose nearly 7% to Rs 73,037 per tonne. Net sales grew 20.7% year on year and net profit surged 225.6% to Rs 5,359 crore. The Vijayanagar BF-3 ramp-up in Karnataka drove the production increase. Why it matters: India’s steel output grew 5.6% year on year to 130 million tonnes during January to September 2026, among the fastest globally. Chinese steel production fell 2.9% over the same period, supporting prices worldwide. Auto was the standout in Q2, with autos, infrastructure and real estate the primary demand drivers. India domestic sales were 7.27 million tonnes, up 14% year on year. What I am watching: JSW trades at a P/E of 19.4 times, a 75% premium to SAIL at 11.1 times. ROE is 10.2%. Coking coal and freight costs are key input variables. The US and Italian operations contribute to consolidated volumes but their margin profiles are different from the domestic business. Demand from autos and real estate needs to sustain to justify the premium multiple. My stance: The Q2 numbers are strong and the volume story is real. But at 19.4 times earnings, JSW is priced for continued execution. Input cost moves and the margin drag from US and Italian operations add complexity. The domestic business earns the premium; the question is whether it can keep compounding at this pace. I do not hold a position in JSW Steel at the time of writing. This is not investment advice.

Tejaswi

2 Nov • 9:11 AM · SEBI-Registered Analyst

SAIL: Profit Jumps 315%, but Flat Capacity

SAIL

Steel Authority of India (SAIL) is a government-controlled integrated steel producer. It makes flat and long steel products across five integrated plants. Its standalone crude steel capacity is approximately 19 million tonnes, little changed over the past several years. What happened: In Q2FY27, SAIL’s standalone revenue grew 19.8% year on year to Rs 31,997.5 crore. EBITDA margin rose 370 basis points to 13.2%. Net profit surged 315.4% to Rs 1,773.7 crore. Steel sales were 5.2 million tonnes. Realisations grew an estimated 12.9% to Rs 61,532 per tonne, aided by higher global steel prices as Chinese output fell 2.9% year on year during January to September 2026. Why it matters: The profit jump is real but largely price-driven. SAIL’s capacity has been broadly flat for several years, while peers like JSW Steel have expanded aggressively. SAIL trades at a standalone P/E of 11.1 times, a 43% discount to JSW at 19.4 times. The market is pricing in SAIL’s limited capacity growth and lower capital efficiency relative to private sector peers. What I am watching: SAIL’s standalone ROE is 6.6%, against JSW’s 10.2%. The steel price tailwind from China’s slowdown may not persist. Coking coal costs and freight remain key input variables. Demand from autos, infrastructure and real estate needs to hold to support current realisations. Any reversal in global steel prices would disproportionately affect SAIL given its cost structure. My stance: The Q2 numbers look strong on paper. But SAIL is a price-taker in a commodity cycle, with flat capacity and a government ownership structure that limits capital agility. The 43% discount to JSW Steel is not irrational. I do not hold a position in SAIL at the time of writing. This is not investment advice.

Shree Dhanraksha Securities

30 Oct • 8:51 PM · SEBI-Registered Analyst

commodity prices and input costs can change rapidly

JSW Steel

JSWSTEEL

attracted market attention after its quarterly profit tripled, supported by record volumes and improved capacity utilisation, according to Reuters' market coverage of 26 October. Steel companies are cyclical businesses whose earnings depend on steel prices, iron ore and coking coal costs, domestic demand, export markets and production efficiency. Improved capacity utilisation can help spread fixed costs over higher production volumes, strengthening operating profitability. Nevertheless, commodity prices and input costs can change rapidly. The learning takeaway is to understand operating leverage: higher production can improve profitability, but lower steel prices or rising raw-material costs may reverse the benefit.

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