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2 Stocks to BUY
As Nifty50 Heads Towards 40,000

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List of Steel Stocks 

Here are the latest stock price details of India's top Steel stocks. For more detailed updates, read our Steel sector report and check the latest Steel sector results. Also check out Equitymaster's powerful stock screener to find the top steel companies in India.

JINDAL SAW 346.50 -0.90% 346.60 -1.06%
 More Info 
JINDAL STAINLESS 475.90 0.37% 475.85 0.68%
 More Info 
JINDAL STAINLESS (HISAR) 560.75 3.55% 563.50 4.15%
 More Info 
JINDAL STEEL & POWER 700.90 2.73% 701.35 2.86%
 More Info 
JSW STEEL 779.25 1.47% 779.60 1.50%
 More Info 
KALYANI FORGE 502.70 -2.00% 507.95 -2.00%
 More Info 
KALYANI STEELS 535.65 0.56% 535.55 0.88%
 More Info 
KIRL.FERROUS 479.40 1.03% Not Listed
 More Info 
MAHARASHTRA SEAMLESS 615.30 -0.61% 614.20 -0.84%
 More Info 
NALWA SONS INV 2,638.40 -0.07% 2,641.90 0.16%
 More Info 
NIFTY 50 Not Listed 19,638.30 0.59%
 More Info 
S&P BSE SENSEX 65,828.41 0.49% Not Listed
 More Info 
SAIL 93.86 2.23% 93.85 2.23%
 More Info 
TATA METALIK 962.50 1.51% 963.85 1.62%
 More Info 
TATA STEEL 129.00 1.78% 128.90 1.66%
 More Info 
TATA STEEL BSL 85.55 -1.38% 85.35 -1.22%
 More Info 
TATA STEEL LONG PROD 817.00 2.15% 816.35 2.02%
 More Info 
TAYO ROLLS 90.98 1.08% Not Listed
 More Info 

BSE prices: September 29, 2023  (Close)    NSE prices: September 29, 2023  (Close)

Steel Stocks Update

The S&P BSE METAL Index was at 23,206.3 (up 2.7%). The index is up 8.7% over the last 30 days. And over the last 1 year, it has gained 34.3%.

Within the Steel sector, the top gainers were JINDAL STEEL & POWER (up 2.7%) and SAIL (up 2.2%). On the other hand, KALYANI FORGE (down 2.0%) and JINDAL SAW (down 0.9%) were among the top losers.

Meanwhile, the benchmark S&P BSE SENSEX was at 65,828.4 (up 0.5%).

Before you go, here are the upcoming corporate actions for Steel stocks.

Upcoming Quarterly Results

JSW STEEL 779.25 1.47 20-Oct-23

List of All Upcoming Quarterly Results


Which are the top steel companies in India?

Based on marketcap, these are the top steel companies in India:

You can see the full list of steel stocks here.

And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for best steel stocks in India.

What are the top gainers and top losers within the steel sector today?

Within the Steel sector, the top gainers were JINDAL STAINLESS (HISAR) (up 3.6%) and JINDAL STEEL & POWER (up 2.7%). On the other hand, KALYANI FORGE (down 2.0%) and TATA STEEL BSL (down 1.4%) were among the top losers.

For more, please visit the BSE metal index live chart and also check out our steel sector report.

How should you value steel companies?

Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.

Two commonly used financial ratios used in the valuation of stocks are -

Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.

Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.

To know more about the steel sector's past and ongoing performance, have a look at the performance of the NIFTY Metal Index and BSE Metal Index.

Which are some important indices one should track?

Well, it depends on what your goals are.

Having said that, the two key indices to track are the BSE Sensex which contains the list of BSE 30 stocks and the NSE Nifty which contains the list of NSE 50 stocks.

However, these two indices are considered to be too narrow by some, since they only track 30 and 50 stocks, respectively.

For broader tracking, you could use the BSE 200, BSE 500 or even the NSE 500 index.

Some popular market cap based indices include BSE Smallcap index and BSE Midcap index, among others.

Which important sectoral indices should one track?

It depends on one's specific interests and investment goals.

Some popular sectoral indices to track in addition to the broader market indices are BSE IT index, BSE healthcare index, BSE manufacturing index and BSE auto index.

It's important to research and understand the industries and companies included in each sectoral index to make informed investment decisions.

Today's Market

Sensex Today Ends 320 Points Higher | Glenmark Pharma Rallies 10% | Hindalco & NTPC Top Gainers Sensex Today Ends 320 Points Higher | Glenmark Pharma Rallies 10% | Hindalco & NTPC Top Gainers(Closing)

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended the day higher.