The evidence leans constructive9 supporting, 2 against, 1 worth knowing
Supporting
trading 6% above its 200-day average
sitting at 86% of its 52-week range, with little overhead supply from trapped buyers
up 24% over twelve months
matches closing in on a 52-week high, which has beaten the market by +0.51 points over 20 sessions across 27,282 past signals
3 of the scans it matches have a positive measured record
6 independent kinds of evidence agree today, which is uncommon
revenue grew 10% year on year in the quarter ending 2026-06-30
net margin has widened from 3.6% to 9.9% across four quarters
priced at 11× earnings against an industry median of 18× — 37% below its peers
Against
1 of the scans it matches has historically underperformed the market
the future trades at a 0.94% discount to spot
Worth knowing
the rise is short covering rather than fresh buying, which historically runs out when the shorts are done
JSWSTEEL sits in Manufacturing, Commodities, Metals — worth checking whether the whole group is moving together or whether this name is doing it alone.
What would change this read: a close below 1,218, its 200-day average; a failure to hold the top of its 52-week range.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working3
JSW Steel's net profit rose 112.6% year on year, from Rs 2,209 cr to Rs 4,696 cr.
+112.6%Rs 2,209 crRs 4,696 cr
Profit grew faster than revenue, +112.6% against +9.8%.
+112.6%+9.8%
Profit rose year on year in all 4 of the last 4 quarters.
4
Needs watching
Nothing in the filings stands out either way.
Every figure here is computed from the company’s own filings. Wording of 3 of these 3 lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.
How it has performed
price return over each window, measured against zero
What the scans say today
10 of 47 matched on 2026-08-21
JSWSTEEL matches 10 of the 47 scans today, across 6 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
JSWSTEEL trades at 11× trailing earnings, below its median of 46× over this window — 76% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362) · Analyst call filings were typically +0.14pt vs the market over the next 5 sessions (n=3,352) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 10% against the same quarter a year earlier
profit rose 113% year on year
revenue rose in 3 of the last 4 quarters
Going against it
net margin narrowed from 37.6% to 9.9%
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
47,364
6,258
4,696
19.05
9.9%
Q4 FY26
2026-03-31 · consolidated
51,180
22,547
19,243
67.07
37.6%
Q3 FY26
2025-12-31 · consolidated
45,991
1,574
2,410
8.76
5.2%
Q2 FY26
2025-09-30 · consolidated
45,152
2,432
1,646
6.66
3.6%
Q1 FY26
2025-06-30 · consolidated
43,147
3,172
2,209
8.95
5.1%
Q4 FY25
2025-03-31 · consolidated
44,819
1,973
1,501
6.15
3.3%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+2.5%
Versus 200-day average+6.2%
Below 52-week high-2.7%
Above 52-week low+20.7%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)50.4
Higher closes in last 53 of 5
Six-month return+1.02%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.97%
Volume versus 20-day1.3x
Median daily turnoverRs 191.8 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Short Covering
Price up, open interest down. Sellers are closing, not buyers arriving. Rallies built only on this tend not to last once the shorts are out.
Futures basis versus spot-0.94%
Open interest change-2.0%
Put / call ratio0.80
Put wall (support)1,260
Call wall (resistance)1,300
Max pain1,280
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Metals & Mining · 22 classified companies
JSWSTEEL trades at 11.3× trailing earnings against an industry median of 17.8× across 21 other classified companies in its industry — cheaper than them, by 37%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
Session
Scans
Which
2026-08-19
2
Rising without the drama, Closed at the day's high