JSW Steel Falls Below Rs 1,301 As Prices Hit -0.69%
Shares of JSW Steel dropped below its 20-day simple moving average on September 10, 2026, trading at Rs 1,306.9 with a daily decline of 0.69%. In contrast, railway stocks including RVNL and Ircon International rallied over 3% following government approval for five multitracking projects.
JSW Steel shares traded at Rs 1,306.9 on Thursday, September 10, 2026, marking a daily decline of 0.69%. The stock price fell below the 20-day simple moving average, which stood at Rs 1,301.09, and also dipped beneath the 20-day exponential moving average at Rs 1,303.2. Technical data recorded a market capitalization of Rs 318,153.56 million, a price-to-earnings ratio of 12.84, and earnings per share of Rs 101.34. Trading volume totaled 51,675 shares during the session.
In related sector news, railway stocks performed strongly after the Cabinet Committee on Economic Affairs approved five multitracking projects valued at approximately Rs 10,021 crore across Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana. The committee confirmed the approval in response to requests from state administrations aiming to expand rail infrastructure. These developments drove market rallies for companies including RVNL and Ircon International. Titagarh Rail Systems shares rose 2% to reach Rs 894, while Ircon International shares gained over 3.6% to settle at Rs 119. The five approved initiatives include projects totaling approximately 540 kilometers, such as the Arakkonam-Renigunta and Hosur-Omalur lines, with a projected completion timeline between 2029 and 2030.
