Jindal Saw Shares Rise 20% in Two Sessions Following Q3FY26 Results
Jindal SAW Ltd.
**Stock Performance**
Jindal SAW shares have demonstrated significant momentum, rallying approximately **20% over two consecutive trading sessions**. On Tuesday, the stock achieved an intraday high of **₹188.38**.
**Key Drivers**
* **Strong Q3 FY26 Earnings:** The surge is primarily attributed to robust sequential financial performance, with Profit After Tax (PAT) registering a **78% Quarter-on-Quarter (QoQ) increase**.
* **Healthy Order Book:** The company maintains a strong revenue visibility pipeline, reporting a current order book valued at **US$1,481 million**.
* **Deleveraging Strategy:** Investor sentiment has been further bolstered by the company's demonstrated progress in reducing long-term debt obligations.