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Jindal Stainless Ltd rose for a third straight session today. The stock is quoting at Rs 688, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23816.5. The Sensex is at 76935.59, up 0.02%. Jindal Stainless Ltd has dropped around 7.28% in last one month.
Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has dropped around 1.65% in last one month and is currently quoting at 12146.15, up 1.2% on the day. The volume in the stock stood at 2.07 lakh shares today, compared to the daily average of 5.7 lakh shares in last one month.
The PE of the stock is 20.22 based on TTM earnings ending September 26.
Jindal Stainless Ltd fell for a fifth straight session today. The stock is quoting at Rs 682.6, down 0.7% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 22650.05. The Sensex is at 73281.69, up 0.22%.Jindal Stainless Ltd has eased around 8.46% in last one month.Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has eased around 9.86% in last one month and is currently quoting at 11478.2, up 0.95% on the day. The volume in the stock stood at 3.47 lakh shares today, compared to the daily average of 6.11 lakh shares in last one month.
The PE of the stock is 20.52 based on TTM earnings ending September 26.
Jindal Stainless Ltd lost 2.5% today to trade at Rs 715.05. The BSE Metal index is down 1.41% to quote at 37401.64. The index is down 8.97 % over last one month. Among the other constituents of the index, Hindustan Zinc Ltd decreased 2.33% and National Aluminium Company Ltd lost 2% on the day. The BSE Metal index went up 10.35 % over last one year compared to the 13.13% fall in benchmark SENSEX.
Jindal Stainless Ltd has lost 3.82% over last one month compared to 8.97% fall in BSE Metal index and 1.59% drop in the SENSEX. On the BSE, 55 shares were traded in the counter so far compared with average daily volumes of 35073 shares in the past one month. The stock hit a record high of Rs 883.25 on 07 Jan 2026. The stock hit a 52-week low of Rs 652.45 on 11 Jun 2026.
Jindal Stainless has deployed 10 dedicated electric trucks for finished goods transportation for the first time, marking a significant step in its green mobility initiatives and broader decarbonisation efforts. The electric trucks will operate on routes connecting the company¡¯s Jajpur plant with Kharagpur and Kolkata, as part of its phased transition towards electric and alternative-fuel mobility solutions across logistics operations.
The deployment builds on the company¡¯s ongoing adoption of alternative-fuel vehicles across key transportation corridors. Jindal Stainless currently operates 80 LNG trucks for finished goods transportation from its Jajpur and Hisar facilities to western India, alongside beginning of deployment of CNG trucks to transport import cargo from Dhamra to Jajpur. The company has also deployed 60 CNG buses for employee transportation at its Hisar and Jajpur facilities.
Together, these green mobility initiatives are expected to facilitate the movement of approximately 8,000 10,000 tonnes of cargo per month using electric and alternative fuel vehicles. The company plans to progressively expand the deployment of these solutions across suitable logistics routes, taking into account the operational requirements of different transportation corridors.
Based on a modelled monthly green dispatch volume of 8,000-9,000 tonnes and an equivalent truck travel distance of approximately 240,000 kms, the combined transportation mix of electric, CNG and LNG vehicles is expected to reduce emissions by approximately 71 tonnes CO©ü per month. This represents a reduction of around 26% compared with diesel-based transportation under regular operating conditions.
Jindal Stainless has signed a Memorandum of Understanding (MoU) with Nasscom to provide its employees access to FutureSkills Prime (FSP), a digital skilling platform led by Nasscom in partnership with the Ministry of Electronics and Information Technology (MeitY), Government of India. The partnership will provide employees with access to structured learning programmes across emerging technologies and professional skills, along with industry validated certification pathways.
Under the partnership, all Jindal Stainless employees will be able to access the FutureSkills Prime platform and enrol in courses offered by its network of learning and content partners. The platform offers certification programmes validated by SSC Nasscom, with assessment and certification available for eligible programmes. Jindal Stainless will also have a dedicated learning group on the platform to support participation and engagement across the organisation.
FutureSkills Prime offers courses across Artificial Intelligence, Big Data, Cloud Computing, Cybersecurity, Internet of Things, Blockchain and Digital Leadership, with learning pathways ranging from foundational digital fluency to advanced programmes. The platform brings together content from industry and training partners and offers multiple learning formats, including self-paced and instructor-led programmes, as well as short, bite-sized modules and comprehensive courses.
Metal shares witnessed buying demand for three consecutive trading sessions.
At 13:27 IST, the barometer index, the S&P BSE Sensex jumped 303.70 points or 0.41% to 74,625.53. The Nifty 50 index added 82.50 points or 0.36% to 23,353.60.
In the broader market, the Nifty Midcap 100 index rose 0.88%. The Nifty Smallcap 100 index rose 1.40%.
On the NSE, 2,276 shares were trading in green, while 1,202 shares were trading in red. A total of 102 shares were unchanged.
IPO Update:
National Stock Exchange of India (NSE) received bids for 8,48,73,944 shares as against 8,86,42,911 shares on offer, according to stock exchange data at 14:06 IST on 18 September 2026. The issue was subscribed 0.96 times.
The issue opened for bidding on 17 September 2026 and will close on 21 September 2026. The price band of the IPO is fixed between Rs 1,700 and 1,785 per share. An investor can bid for a minimum of 8 equity shares and multiples thereof.
Hero Motors received bids for 48,74,06,898 shares as against 8,86,07,596 shares on offer, according to stock exchange data at 14:06 IST on 17 September 2026. The issue was subscribed 5.50 times.
The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. An investor can bid for a minimum of 178 equity shares and multiples thereof.
Buzzing Index:
The Nifty Metal index jumped 1.19% to Rs 13,012.10. The index jumped 2.71% in the three consecutive trading sessions
Welspun Corp (up 5.63%), Jindal Stainless (up 3.12%), Hindustan Zinc (up 2.39%), Hindustan Copper (up 2.27%), Adani Enterprises (up 2.04%), APL Apollo Tubes (up 2.01%), Lloyds Metals & Energy (up 1.56%), Steel Authority of India (up 1.52%), Vedanta (up 1.48%) and JSW Steel (up 1.14%) surged.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.07% to 7.056 compared with the previous session close of 7.051.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.8750 compared with its close of 95.8975 during the previous trading session.
MCX Gold futures for 5 October 2026 settlement rose 0.78% to Rs 1,54,141.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 100.36.
The United States 10-year bond yield added 0.06% to 4.950.
In the commodities market, Brent crude for the November 2026 settlement declined $1.71 or 1.63% to $103.11 a barrel.
Jindal Stainless has entered into a Technical Assistance Agreement with JFE Steel Corporation, Japan, one of the world's leading steelmakers, to strengthen its manufacturing capabilities for selected ferritic stainless steel grades. The collaboration will focus on enhancing product quality, manufacturing practices, and process efficiency through technical assistance.
Under the Technical Assistance Agreement, JFE Steel will support Jindal Stainless' ongoing efforts to strengthen product quality and manufacturing practices for the grades specified in the Agreement.
Commenting on the cooperation, Managing Director, Jindal Stainless, Abhyuday Jindal, said, 'The future of manufacturing will be shaped by materials that deliver superior performance, sustainability, and value. Stainless steel, as a group of diversified high-performance alloys, is emerging as the material of choice across industries. Ferritic stainless steel, in particular, is becoming an increasingly important solution for industries looking to balance durability, corrosion resistance, and cost efficiency. At Jindal Stainless, we are committed to continuously enhancing our technological capabilities by cooperation with the world's best. JFE Steel's decades of expertise in ferritic stainless steel manufacturing will help us further strengthen product quality and operational excellence. More importantly, this association is about building capabilities that create greater value for our customers by strengthening our people, processes, and practices through this agreement.'