Should I buy Jindal Steel stock in 2025?

What is Jindal Steel?

How much is Jindal Steel stock?

The price of Jindal Steel stock is declining this week. Currently trading at ₹973.05, the stock has seen a 0.87% drop in the past 24 hours and is down about 1.5% over the last week.

Jindal Steel’s market capitalization stands at ₹99,260 crore, with an average three-month daily volume of approximately 1.97 million shares.

Investors should note the mix of solid fundamentals and recent fluctuations when considering their next move.

Our full analysis on Jindal Steel stock

Having thoroughly reviewed Jindal Steel & Power Limited’s (JINDALSTEL) latest financial disclosures, together with its stock performance across the last three years, our multifaceted approach—merging financial metrics, technical signals, market dynamics, and competitor analysis via proprietary algorithms—yields a nuanced view. The company has endured short-term operational headwinds but displays enduring structural strengths, underpinned by robust expansion strategies and leadership in innovation. So, why might Jindal Steel stock once again become a strategic entry point into the Indian steel and infrastructure sector in 2025?

Recent Performance and Market Context

Jindal Steel’s share price currently stands at ₹973.05, reflecting a modest yet notable resilience in a year marked by formidable global and sector-specific headwinds. Despite a -4% return over the past year and a slight 1.5% pullback in the past week, the stock has appreciated approximately 12% over the last six months, significantly outperforming many sector peers in recovery from last year’s correction. Crucially, the stock’s medium-term track record (with a 52-week range between ₹723.35 and ₹1,097.00) underlines its capacity to recoup setbacks and progress toward highs.

Several positive developments underpin this resilience:

• Steady expansion in capacity—especially in the TMT rebar segment at Angul, Odisha—signals continued management commitment to scalable growth.
• Maintained dividend policy in a difficult quarter demonstrates financial discipline and confidence in cash flows.
• Promoter holding increased to 62.22%, with a 1.03% rise this quarter, suggesting that key insiders foresee upside.
• From a macro perspective, India's infrastructure investment cycle is entering a robust phase, with government impetus on transportation, urbanisation, and energy. As a core steel and power supplier, Jindal Steel is ideally positioned to benefit from tailwinds such as:
• Structural demand revival in construction and manufacturing.
• Supportive policies for domestic steel producers.
• A globally competitive cost base due to innovative coal gasification technology.

Collectively, these factors contribute to a favorable market context that seems to justify renewed optimism for Jindal Steel.

Technical Analysis

Jindal Steel's current technical configuration presents an attractive setup for medium- and long-term investors:

• Relative Strength Index (RSI, 14-day): The stock trades with an RSI in the 45–47 range, indicating a neutral, non-overbought position—often interpreted as an opportunity for accumulation rather than exhaustion.
• MACD: The Moving Average Convergence Divergence signal is firmly bullish (MACD at 17.09 versus a signal line at 7.02), supporting the thesis of renewed upward momentum.
• Price vs. Moving Averages: Presently priced above its 20-day moving average (₹879.86), and above its 200-day moving average, with a 50-day average also lending upward bias, the stock confirms a medium-term uptrend.
• Support and Resistance levels:
• Strong support at ₹950 and major support at ₹900.
• Key resistance appears at ₹1,000, followed by a breakout point at its 52-week high of ₹1,097.

This technical landscape reveals:

• Current price action near support enhances the risk/reward profile.
• Bullish momentum, as signaled by MACD and the slope of moving averages, implies the possibility of a new bullish wave.
• Absence of any short-term overbought condition supports conviction in additional upside potential.

Fundamental Analysis

On a fundamental basis, Jindal Steel exhibits a solid operational and strategic posture despite short-term earnings challenges :

Growth, Profitability, and Strategic Expansion

• FY 2025 Revenue: ₹49,765 crore; while annual net profit declined to ₹2,846 crore (down from ₹5,943 crore in FY 2024), much of the Q4 pressure (a -₹304 crore loss) was attributable to extraordinary items, rather than core operational weakness.
• EBITDA Margin: Maintained at 17%, testifying to strong cost controls amid margin pressures—a commendable result given volatile raw material prices.
• EPS: For the year, ₹27.57 per share, which, while below historical highs, still represents underlying business resilience.

Valuation

• P/E Ratio: 27.7, positioning JSPL at a modest premium to some competitors, but justified in light of its strong growth prospects and sector leadership.
• Price-to-Book (P/B): 2.1, indicating the market’s valuation is rooted in tangible balance-sheet strength, yet not stretched to excessive levels by historical standards.
• Dividend Yield: 0.21%—modest, but consistent; management continues to reward shareholders even through turbulent quarters.

Structural Strengths

• Integrated operations from mining to finished steel insulate the business from supply chain and pricing shocks.
• Pioneer of coal gasification for steelmaking in India, driving environmental efficiency and cost advantages.
• Consistently >60% promoter holding underscores stewardship, while diversified investor participation from FIIs and DIIs enhances liquidity and governance credibility.
• Robust domestic and selective international positioning fortifies competitive moat.

Volume and Liquidity

Trading volume remains robust, with a three-month daily average around 1.97 million shares. This sustained liquidity reflects:

• Deep institutional and retail engagement.
• An active float that supports dynamic price discovery without exaggerated volatility.
• Market confidence in both the capital structure and the visibility of future cash flows.

Enhanced float and improved promoter holding, juxtaposed with strong volume, point toward continued recalibration of the stock’s fair value—critical for price stability and healthy appreciation potential.

Catalysts and Positive Outlook

Jindal Steel’s forward trajectory is defined by several compelling tailwinds:

• Expansion Projects: Active investments, particularly the scale-up at Angul, position JSPL for superior volume growth in value-added segments—directly in sync with India's infrastructure targets.
• Innovation Edge: The company’s coal gasification technology both reduces dependence on imported coking coal and heightens ESG credentials at a time when regulatory and institutional support for sustainable steelmaking is gaining traction.
• Macroeconomic Tailwinds: With strong government focus on infrastructure, transportation, and energy, industry demand looks set for multi-year secular growth.
• Shareholding Developments: Recent promoter share accumulation signals high-conviction insider confidence.
• Dividend Continuity: Maintaining payouts even in a volatile quarter builds investor trust in medium-term cash flows.

Moreover, strategic clarity in focusing on high-margin domestic markets, while opportunistically accessing select exports, supports both revenue expansion and profitability.

Investment Strategies

Given Jindal Steel's technical and fundamental conditions, various entry strategies emerge:

• Short-Term Entry:
• Momentum traders may consider entries near support levels around ₹950–₹960, with an eye toward rebounds as the MACD and moving average structure aligns with a forthcoming uptrend.
• Positioning just ahead of a possible breakout above ₹1,000 could enable participation in accelerated moves toward the 52-week high.
• Medium-Term Positioning:
• Investors seeking to ride infrastructure-linked upside may accumulate on consolidation or minor pullbacks, capitalising on the technical neutrality and robust demand context.
• The anticipated improvement in operational performance (once the impact of exceptional items fades) provides a potential catalyst for stock rerating in FY2026.
• Long-Term Approach:
• For those with a multi-year horizon, Jindal Steel’s integrated model, innovative processes, and market leadership offer a strong case for core portfolio inclusion.
• Progressive expansion and government infrastructure outlay further reinforce a positive structural outlook.

Ideal positioning is likely to be achieved when the stock consolidates above ₹950 but before any confirmed run beyond ₹1,000/₹1,097 resistance, suggesting a window of opportunity for disciplined accumulation.

Is it the Right Time to Buy Jindal Steel?

Jindal Steel currently aligns a resilient technical profile with sound long-term fundamentals and a series of promising corporate catalysts. The combination of:

• A medium-term uptrend confirmed by moving averages and MACD,
• Strong volume and active institutional participation,
• Strategic promoter accumulation,
• Leading innovation in sustainable steelmaking,
• And a macro context supportive of steel demand,

… all reinforce the notion that the stock may be entering a renewed bullish phase. The fundamentals justify renewed interest, while the technicals point to an inflection stage that can trigger further upside as operational performance stabilises and capital expenditure projects start to yield returns.

The risk/reward positioning presently favours investors seeking to capitalise on India’s infrastructure supercycle, with JSPL’s structural strengths and future catalysts likely to generate substantial shareholder value over the medium to long term.

In sum, for investors searching for a well-managed, growth-oriented exposure in India’s industrial resurgence, Jindal Steel & Power seems to represent an excellent opportunity, as the stock’s valuation, technical health, and forward strategy all suggest it may be poised for a new uptrend—making 2025 a potentially strategic entry point into this sector-leading story.

How to buy Jindal Steel stock in IN?

Buying shares of Jindal Steel & Power Ltd (JINDALSTEL) online is both simple and secure when using a regulated stockbroker in India. You can easily access the Indian equity market from the comfort of your home or smartphone. There are two popular ways to get exposure: traditional spot (cash) buying, where you own the shares directly, or trading Contracts for Difference (CFDs), where you can speculate on the price without owning the stock. Each method has distinct advantages. For guidance in selecting the most suitable broker for your needs, a detailed comparison is available further down this page.

Cash buying

Spot or cash buying means you purchase physical shares of Jindal Steel, becoming a direct shareholder listed with the company via the NSE or BSE. In India, the typical fee structure involves a small brokerage commission per order (often a flat fee, e.g., ₹20 per trade), along with minimal statutory charges and taxes.

Example

Example: If the Jindal Steel share price is around ₹973 and the USD/INR exchange rate is 83, a stake of $1,000 (≈₹83,000) allows you to buy approximately 85 shares (₹82,705) after a typical ₹400 (≈$5) brokerage fee.

✔️ Gain scenario: If the share price rises by 10% to about ₹1,070, your holding is now worth ₹88,550 (≈$1,067).

Result: That’s a ₹8,275 gain, or about +$100 gross, equalling +10% on your investment.

Trading via CFD

CFDs let you trade on the share price movements of Jindal Steel without owning the underlying stock. This derivative product is offered by regulated brokers and is especially popular for short-term trading. Instead of a fixed commission, CFD brokers typically charge a spread (difference between buy and sell price) and may apply a small overnight financing fee if you keep positions open beyond the trading day.

Example

Example: With a $1,000 stake (≈₹83,000) and 5x leverage, your market exposure is $5,000 (≈₹415,000).

✔️ Gain scenario: If Jindal Steel rises by 8%, the value of your CFD position increases by 8% × 5 = 40%.

Result: You earn $400 gross profit (≈₹33,200) on your $1,000 stake, excluding any fees.

Final advice

Before investing, always compare brokers’ fees, trading platforms, and available services—these can impact your returns significantly. Both spot buying and CFDs offer straightforward, secure access but are suited to different investor profiles and objectives. Consider your risk appetite, investment horizon, and whether direct share ownership or leveraged short-term trading is a better fit. For detailed fee breakdowns and feature comparisons among leading platforms, consult the broker comparator further down the page.

Our 7 tips for buying Jindal Steel stock

The latest news about Jindal Steel

Jindal Steel's technical indicators show a neutral to slightly bullish outlook, supporting short-term positive sentiment. The stock is trading above its 20-day moving average and the bullish MACD reading further points to the possibility of upward momentum. The Relative Strength Index is also in the neutral zone, suggesting neither overbought nor oversold conditions. With key support around ₹950 and resistance at ₹1,000 and the 52-week high, these levels position the stock at an interesting technical juncture for Indian market participants.

Promoter holding in Jindal Steel increased by 1.03% in the most recent quarter, signaling management confidence. The rise in promoter stake to 62.22% demonstrates internal confidence in the company’s prospects at a time when the broader steel sector faces volatility. Such an increase is often interpreted positively by institutional and retail investors alike in India, reinforcing the long-term alignment of management with shareholder interests.

Jindal Steel board approved a dividend for FY2025, maintaining its payout policy despite a challenging quarter. This move underscores the company’s resilience and its commitment to shareholder returns even after reporting a net loss of ₹304 crore in Q4 due to exceptional items. While the dividend yield remains modest, the stability in payout policy may reassure local investors amid near-term earnings fluctuations.

Ongoing TMT rebar mill expansion at Angul highlights Jindal Steel’s continued investment in domestic capacity growth. The capacity expansion projects, particularly the value-added product facility in Odisha, align with India’s infrastructure and construction sector growth trajectory. Such strategic investments not only strengthen long-term competitiveness but also reflect confidence in resilient domestic demand, potentially supporting earnings recovery in upcoming quarters.

Jindal Steel’s core business fundamentals remain stable, despite the transient impact of exceptional items on Q4 profitability. While the Q4 loss was driven largely by one-off charges, annual figures show a profitable business with an annual net profit of ₹2,846 crore for FY2025. The company’s improving debt profile, innovation leadership in coal gasification, and robust integrated operations position it competitively for the anticipated recovery in FY2026, with analysts expecting moderate growth and operational efficiency gains.

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Nishadh Mohammed

Nishadh Mohammed is a seasoned news editor and financial writer, working with HelloSafe since May 2023. Nishadh has developed expertise in financial markets, insurance, and investment products, with a deep understanding of the Canadian financial landscape. He has honed his SEO skills and content marketing strategies while writing for Canadian publishing houses. Armed with a master's in Business Analytics and extensive journalistic experience, Nishadh uniquely combines data proficiency and thorough research to deliver comprehensive and accessible information.