NSE: JINDALSAW · 29 October 2026
- Jindal Saw Ltd. (JINDALSAW) declined by 1.43% today, settling at ₹237.60 after opening the trading day at ₹239.05.
- Jindal Saw Limited submitted its standalone and consolidated financial results for the period ended September 30, 2026, to the exchange. Standalone total income for the quarter stood at ₹3,881.4 crore with a net profit after tax of ₹70.7 crore. Consolidated total income reached ₹4,523.1 crore with a PAT of ₹35.3 crore. The results reflected ongoing operational impacts from geopolitical headwinds in the Middle East and domestic water project payment delays.
- Trading volume was 0.40 times the 20-day average daily volume.
Why is Jindal Saw share price falling on 29 October 2026?
Jindal Saw Ltd. (JINDALSAW) declined by 1.43% today, settling at ₹237.60 after opening the trading day at ₹239.05.
In relative terms, the stock underperformed both broader market and sector benchmarks during the session. The Nifty index advanced by 1.05%, while the Nifty Metal sector benchmark rose by 0.67%. Jindal Saw's downward drift stands in contrast to the positive momentum seen across broader metal and industrial indices. Over short-term and medium-term horizons, the equity has experienced downward pressure, posting a 5-day return of -4.81% and a 20-day return of -14.44%, extending a broader corrective phase from its 52-week high of ₹320.00.
Company disclosures provide broader operational background, including the release of un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, alongside ongoing credit rating reaffirmations such as CARE AA with a Stable outlook. However, these filings and corporate updates serve as ongoing contextual background rather than direct, single-day triggers for today's price action. Market participants continue to weigh broader sector dynamics and recent operational developments against prevailing price trends.
8.06 lakh shares traded by 29 October 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 20.24 lakh shares (0.40 times). The five-day average daily volume was 24.73 lakh shares. Separately, the NSE report for 28 October 2026 showed 2.56 lakh shares delivered, representing 43.49% of that day’s traded volume. The same report recorded 16,774 trades.
No specific news event was announced today to directly spark the 1.43% decline. The downward movement aligns with ongoing short-term corrective pressure and below-average cash volumes, reflecting light market participation rather than a fresh fundamental catalyst.
Latest Company Developments
Jindal Saw Limited submitted its standalone and consolidated financial results for the period ended September 30, 2026, to the exchange. Standalone total income for the quarter stood at ₹3,881.4 crore with a net profit after tax of ₹70.7 crore. Consolidated total income reached ₹4,523.1 crore with a PAT of ₹35.3 crore. The results reflected ongoing operational impacts from geopolitical headwinds in the Middle East and domestic water project payment delays.
Quarterly earnings updates provide vital visibility into revenue generation, margin pressures, and the pace of order book execution across core segments.
Brickwork Ratings reaffirmed its BWR AA rating with a Stable outlook for the company's Non-Convertible Debentures (NCDs) aggregating ₹500 crores. The rating signifies a high degree of safety regarding timely servicing of financial obligations and very low credit risk. The rating remains valid through October 7, 2027.
Credit rating reaffirmations validate the company's balance sheet strength and ability to maintain stable debt-servicing standards amidst capital expenditure cycles.
CARE Ratings reaffirmed its CARE AA with Stable outlook for the long-term debt facilities and Non-Convertible Debentures of the company, alongside a CARE A1+ rating for short-term debt and commercial paper issuances. The review incorporated the operational and financial performance for fiscal 2026 and the first quarter of fiscal 2027. The assessment highlights robust liquidity and adequate debt service coverage.
Sustained high credit ratings help preserve optimal borrowing costs and support ongoing liquidity management for working capital requirements.
Jindal Saw Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Siddeshwari Tradex Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 8.32% on 30 September 2026. This compares with 6.59% on 30 June 2026, a change of +1.73 percentage points.
The filing reported 75 MF/UTI holders.
What to Watch Next
- Execution progress on the standalone order book of ~US$ 1,135 million for pipes and pellets
- Developments regarding the JITF versus NTPC arbitration dispute before the Delhi High Court
- Recovery prospects in MENA export markets and resolution of regional operational headwinds
- Delivery volume trends relative to the 20-day average volume baseline
Other Dated Coverage
- Jindal Saw Share Price Today: Falls 16.78% in 5 Trading Sessions | 27 October 2026 — 27 October 2026
- Jindal Saw Share Price Today: Falls 14.28% in 3 Trading Sessions | 26 October 2026 — 26 October 2026
More Jindal Saw news and dated analysis →
Frequently Asked Questions
What is the latest Jindal Saw company news?
Jindal Saw Limited submitted its standalone and consolidated financial results for the period ended September 30, 2026, to the exchange. Standalone total income for the quarter stood at ₹3,881.4 crore with a net profit after tax of ₹70.7 crore. Consolidated total income reached ₹4,523.1 crore with a PAT of ₹35.3 crore. The results reflected ongoing operational impacts from geopolitical headwinds in the Middle East and domestic water project payment delays.
How strong was Jindal Saw’s trading volume?
8.06 lakh shares traded, 0.40 times the 20-day average daily volume. The price and volume data are dated 29 October 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.