Jindal Steel shares up by more than 4%, after Government imposes safeguard duty on select steel imports

Jindal Steel Ltd shares are on a sharp rise today. At 12:10 p.m. IST, 31^st December, 2025, the stock price is up by 4.08%, trading at Rs 1,063.  Nifty 50 index is up by 0.57% at this time. Sensex is up by 0.48% at this time.

Up to 12% safeguard duty on flat steel imports

Jindal Steel shares are gaining today because of the safeguard duty of up to 12% that government has imposed on select steel imports. A safeguard duty of 12% in the first year, 11.5% in the second year, and 11% in the third year has been imposed on alloy and non-alloy flat steel products. Flat steel products include flat steel sheet, coil etc. This safeguard duty would increase the prices of flat steel imports from China, Vietnam, Nepal etc. This in turn will protect domestic steel producers like Jindal Steel from competition from these cheaper steel imports. This import duty does not extend to stainless steel products.

Jindal Steel shares have risen by around 13% this year

Jindal Steel’s flat steel products include plates and coils. Year-to-date (YTD) in 2025, Jindal Steel shares have gained 13.31%. Nifty 50 index has gained 9.89% in this period. Jindal Steel shares have outperformed Nifty 50 index by more than 3% this year.

Nifty Metal index has gained 19% YTD in 2025. Jindal Steel shares have underperformed Nifty Metal Index by around 6% this year. Jindal Steel has around 5.31% weight in the index currently.

Jindal Steel shares are currently trading at a 12-month trailing price-to-earnings (P/E) ratio of around 39. Stocks that make up Nifty Metal index are trading at an average P/E ratio of 18.45. Jindal Steel shares are trading at higher P/E multiple than many of its industry peers.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE, Jindal Steel