Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Jindal Steel has remained in focus after breaking out of a 20-month consolidation phase, with the stock continuing to hold above the key ₹1,100 neckline. The counter touched a fresh record high of ₹1,270 on February 26, 2026, and closed at ₹1,237 on March 3, showing resilience even after recent profit booking. Analysts see the structure as technically strong and expect the uptrend to remain intact, with a potential target of ₹1,420 over the next 3–4 weeks. The stock’s ability to sustain above the breakout zone, backed by positive momentum indicators, keeps sentiment bullish in the near term.
Also Read : Odisha will house 50% of India’s steelmaking capacity by 2030. Tata Steel Shares Jump 3.13%, Hit Intraday High as Momentum Strengthens
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