Jindal Stainless (JSL) Share Price Falls 2.48% Today; Stock News, Valuation and Sector View
- September 2, 2026
- Posted by: Harsh Piplani
- Category: News
Jindal Stainless Share Price fell to Rs 763.35 on 10 September 2026, down 2.48% or Rs 19.45 from the previous close of Rs 782.80. The company’s market capitalisation stood at Rs 60,883.39 crore. The Large Cap steel stock opened at Rs 785.80, touched a high of Rs 790.60 and slipped to an intraday low of Rs 762.50.
The supplied data confirms the price move, but it does not identify a company-specific catalyst for the decline. That means the stock is in focus mainly because of the size of the move, its large-cap status and how its valuation and profitability compare with the broader steel universe.
Key reported metrics provide additional context. Jindal Stainless has a P/E ratio of 19.87, P/B ratio of 3.16, ROE of 17.51%, ROCE of 19.19%, EPS of 39.41, book value of 248.05 and dividend yield of 0.51%. Technical reference points in the supplied data include a 50 DMA of 726.11, a 200 DMA of 742.64 and an RSI of 57.04.
Jindal Stainless (JSL) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 763.35 |
| Previous Close | Rs 782.8 |
| Today's Move | -Rs 19.45 (-2.48%) |
| Open | Rs 785.8 |
| High | Rs 790.6 |
| Low | Rs 762.5 |
| Turnover | Rs 2.71 crore |
| Market Capitalisation | Rs 60,883.39 crore |
| Market Cap Category | Large Cap |
Jindal Stainless Share Price Today reflects a clear intraday weakening pattern. The stock opened above the previous close, moved up to Rs 790.60, and then gave up those gains before nearing the day’s low by the time of this update. That sequence points to selling pressure after the opening phase rather than a flat session.
At Rs 763.35, the stock was below both the opening price of Rs 785.80 and the previous close of Rs 782.80. The intraday range of Rs 28.10 between the high and low is notable for a company of this size. Turnover of Rs 2.71 crore also indicates that the move was accompanied by active trading.
Even after the day’s fall, the stock remains above the 50 DMA of 726.11 and the 200 DMA of 742.64. RSI at 57.04 does not by itself explain the move, but it remains one more data point for traders evaluating momentum alongside the day’s price action.
Jindal Stainless (JSL) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 60,883.39 crore |
| P/E Ratio | 19.87x |
| P/B Ratio | 3.16x |
| ROE | 17.51% |
| ROCE | 19.19% |
| EPS | Rs 39.41 |
| Book Value Per Share | Rs 248.05 |
| Dividend Yield | 0.51% |
Jindal Stainless is a large listed company within steel, and the fundamental snapshot shows a mix of moderate valuation and solid return ratios. A P/E of 19.87 places it close to the industry median discussed below, while a P/B of 3.16 is richer than the sector median. That suggests the market is assigning a higher book-value multiple than many peers.
Profitability remains a key part of the picture. ROE stands at 17.51% and ROCE at 19.19%, both comfortably above the same-industry medians in the supplied benchmark set. EPS is Rs 39.41, book value per share is Rs 248.05 and dividend yield is 0.51%, which points to a modest historical cash payout relative to the prevailing stock price.
Because no trigger is specified in the data, the fundamental view matters more in interpreting the move. The numbers show a business with meaningful scale and relatively stronger profitability than much of its industry sample, even though the stock declined today.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Benchmark Scope | same industry |
| Company P/E Ratio | 19.87x |
| Benchmark Median P/E | 20.69x |
| Benchmark Average P/E | 36.41x |
| Benchmark P/E Range | 0.31x to 587.45x |
| Company P/B Ratio | 3.16x |
| Benchmark Median P/B | 1.7x |
| Benchmark Average P/B | 2.29x |
| Company ROE | 17.51% |
| Benchmark Median ROE | 9.41% |
| Benchmark Average ROE | 2.34% |
| Company ROCE | 19.19% |
| Benchmark Median ROCE | 12.22% |
| Benchmark Average ROCE | 9.79% |
| Company Market Capitalisation | Rs 60,883.39 crore |
| Benchmark Median Market Cap | Rs 304.43 crore |
| Benchmark Average Market Cap | Rs 8,075.57 crore |
The sector snapshot covers 140 companies in the same industry. On earnings valuation, Jindal Stainless trades at 19.87 times earnings versus a sector median of 20.69 and an average of 36.41 across 121 companies. That places it near the middle of the benchmark on P/E, not at an extreme end.
On book value, the company’s P/B of 3.16 is above the benchmark median of 1.70 and the average of 2.29 across 139 companies. Profitability compares more favourably: ROE of 17.51% is higher than the median of 9.41% and the average of 2.34%, while ROCE of 19.19% is above the median of 12.22% and the average of 9.79% across 137 companies.
Scale also stands out. The company’s market capitalisation of Rs 60,883.39 crore is far above the same-industry median market cap of Rs 304.43 crore and the average of Rs 8,075.57 crore, though below the industry maximum of Rs 3,18,031.29 crore. In simple terms, the stock represents a much larger player than the typical company in this benchmark universe.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| JSW Steel | JSWSTEEL | 3,18,031.29 | 12.93 | 3.07 | 28.54 | 20.67 |
| Tata Steel | TATASTEEL | 2,29,820.42 | 21.33 | 2.29 | 11.44 | 12.7 |
| Steel Authority Of India | SAIL | 77,034.3 | 18.01 | 1.24 | 5.66 | 7.08 |
| Welspun Corp | WELCORP | 68,546 | 29.79 | 7.18 | 19.55 | 23.94 |
| APL Apollo Tubes | APLAPOLLO | 60,600.34 | 48.97 | 10.82 | 25.35 | 31.83 |
Against major listed peers, the company sits in a middle zone on valuation. Its P/E of 19.87 is higher than JSW Steel’s 12.93, slightly below Tata Steel’s 21.33 and above SAIL’s 18.01. Welspun Corp at 29.79 and APL Apollo Tubes at 48.97 trade at much richer earnings multiples.
On return ratios, the comparison is more balanced. JSW Steel reports ROE of 28.54% and ROCE of 20.67%, both ahead of Jindal Stainless at 17.51% and 19.19%. Tata Steel’s ROE of 11.44% and ROCE of 12.70% are lower, while SAIL’s 5.66% and 7.08% are materially lower. Welspun Corp and APL Apollo Tubes both show stronger profitability than Jindal Stainless on the supplied numbers.
Market-cap positioning is also useful. At Rs 60,883.39 crore, Jindal Stainless is far smaller than JSW Steel and Tata Steel, below SAIL and Welspun Corp, and very close to APL Apollo Tubes at Rs 60,600.34 crore. Overall, the peer set suggests a sizeable steel player with reasonable earnings valuation and stronger profitability than several, but not all, comparables.
Why Investors Are Watching Jindal Stainless
- Jindal Stainless Share Price fell 2.48% to Rs 763.35 after opening at Rs 785.80 and touching Rs 790.60.
- The stock remains above its 50 DMA of 726.11 and 200 DMA of 742.64 despite the intraday decline.
- Valuation stands at 19.87 times earnings and 3.16 times book value.
- ROE of 17.51% and ROCE of 19.19% are above same-industry medians.
- The market capitalisation of Rs 60,883.39 crore keeps it relevant in large-cap steel comparisons.
About Jindal Stainless
Jindal Stainless operates in the Iron & Steel sector and is classified under the Steel & Iron Products industry. Based on the supplied market-cap data, it is among the larger listed companies in this space. Its peer set in the benchmark data includes JSW Steel, Tata Steel, Steel Authority Of India, Welspun Corp and APL Apollo Tubes.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Jindal Stainless Share Price fall today?
Ans. Jindal Stainless Share Price fell 2.48% to Rs 763.35 on 10 September 2026, down Rs 19.45 from the previous close of Rs 782.80. The supplied data confirms the decline, but it does not establish a company-specific catalyst behind the move.
What is Jindal Stainless Share Price today?
Ans. The stock was at Rs 763.35 at the time of this update. It opened at Rs 785.80, touched Rs 790.60 during the session and recorded a low of Rs 762.50.
How does Jindal Stainless compare on valuation?
Ans. The company trades at a P/E of 19.87 and a P/B of 3.16. Its P/E is slightly below the same-industry median of 20.69, while its P/B is above the industry median of 1.70.
What are the key price levels for today?
Ans. The stock opened at Rs 785.80, recorded a high of Rs 790.60 and a low of Rs 762.50. With the current price at Rs 763.35, it was trading close to the lower end of the day’s range.
How does it compare with peers like Tata Steel and JSW Steel?
Ans. Jindal Stainless has a P/E of 19.87 versus Tata Steel’s 21.33 and JSW Steel’s 12.93. Its ROE of 17.51% is above Tata Steel’s 11.44% but below JSW Steel’s 28.54%. Comparable listed companies include JSW Steel, Tata Steel, Steel Authority Of.
What should investors monitor after this decline?
Ans. Investors may watch whether the stock holds above its day low of Rs 762.50, how it behaves relative to the 50 DMA and 200 DMA, and whether its valuation and profitability continue to compare well with peers.
