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JSW Steel sets new record at ₹1,263.85; uptrend stays strong

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Business 12 Feb 2026 11:10 AM IST marketsmojo

JSW Steel shares touched a fresh record high of ₹1,263.85 on February 12, 2026, keeping the stock firmly in the spotlight even as the broader market traded lower. Although the share price ended the session slightly down, the bigger picture remains positive: the stock continues to trade above key short-, medium- and long-term moving averages, signalling strong support and sustained buying interest.

Recent performance also reflects solid momentum, with gains over the past month and strong returns over the last year. Over longer horizons, JSW Steel has delivered substantial wealth creation, making it one of the standout names in India’s large-cap steel space. After the sharp rally, the stock is now being watched closely for follow-through buying, sector cues, and demand-driven triggers that typically influence steel prices and producer margins.

For investors tracking the metals and mining sector, JSW Steel’s new peak reinforces the ongoing strength in quality steel counters—while also reminding traders to stay alert to volatility after record-breaking moves.