Image Source : Business Today
Shares of Jindal Stainless, Jindal Steel, SAIL, and Tata Steel rallied up to 4% in intra-day trade on December 30, 2025. The surge was driven by strong trading volumes, capacity expansion plans, brokerage upgrades, and global steel market developments, even as broader indices remained subdued.
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India’s steel sector witnessed a sharp rally in Tuesday’s trade, with leading companies posting gains of up to 4%. The momentum was fueled by robust investor interest, expansion announcements, and favorable global cues, positioning the sector as a standout performer despite weakness in broader markets.
Key highlights from the announcement include
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Jindal Stainless surged 4% to Rs 824, supported by a near three-fold jump in trading volumes, with the stock trading close to its 52-week high.
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SAIL gained 3.3% to Rs 138.60, while Jindal Steel rose 2% to Rs 1,013, reflecting strong investor confidence.
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Tata Steel climbed nearly 3% to Rs 182, buoyed by brokerage upgrades and optimism around domestic demand.
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JSW Steel also advanced 1% to Rs 1,101, adding to the sector’s overall strength.
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Jindal Steel announced plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, addressing rising demand for heavy and ultra-heavy sections.
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Brokerage firms such as Motilal Oswal and InCred Equities upgraded ratings on Tata Steel and SAIL, citing strong domestic demand and global protectionist measures.
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China’s stricter steel capacity policies are expected to limit oversupply, benefiting Indian producers through stable prices and reduced import pressure.
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Heavy volumes across steel counters highlighted strong institutional participation, signaling confidence in the sector’s growth trajectory.
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The rally came even as the BSE Sensex slipped 0.21% to 84,519, underscoring sector-specific resilience.
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Analysts believe the combination of domestic expansion, favorable global trends, and policy support will sustain momentum in steel stocks.
The rally in steel majors underscores the sector’s resilience and growth potential amid global and domestic shifts. With expansion plans, brokerage upgrades, and supportive international developments, Indian steel companies are well-positioned to capitalize on rising demand and strengthen their market leadership.
Sources: Business Standard, Moneycontrol, Insights Success
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