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Raasi Refractories Ltd
Raasi Refractories Stock Hits 52-Week Low Amid Continued Underperformance
Raasi Refractories Ltd, a player in the Industrial Manufacturing sector, touched a fresh 52-week low of Rs.20.16 today, marking a significant decline in its stock price. The stock opened sharply lower, registering a day’s loss of 27.56%, underperforming its sector by 26.94% amid a broader market that showed modest weakness.
Raasi Refractories Hits Intraday Low Amid Significant Price Pressure
Raasi Refractories Ltd experienced a significant intraday decline on 29 Dec 2025, touching a new 52-week low of Rs 20.16. The stock opened sharply lower and remained at this level throughout the trading session, underperforming its sector and the broader market amid persistent selling pressure.
Raasi Refractories Faces Mixed Technical Signals Amid Declining Financial Performance
Raasi Refractories, a microcap in industrial manufacturing, has experienced a recent evaluation adjustment reflecting changes in its technical landscape. While some indicators show bullish trends, the company faces challenges with declining net sales and profits, raising concerns about its long-term growth potential and stability.
How has been the historical performance of Raasi Refractor?
Raasi Refractor has experienced a downward trend in key financial metrics, with net sales decreasing from INR 62.89 crore in March 2022 to INR 40.33 crore in March 2024, and profit after tax falling from INR 1.15 crore to INR 0.30 crore during the same period. Earnings per share also declined from INR 2.44 to INR 0.64.
What is the technical trend for Raasi Refractor?
As of November 26, 2024, Raasi Refractor's technical trend has shifted to mildly bullish, supported by daily moving averages and the weekly MACD, though caution is advised due to a bearish weekly RSI and mixed signals from the KST.
Is Raasi Refractor overvalued or undervalued?
As of November 12, 2024, Raasi Refractor is considered risky and overvalued, with a PE Ratio of 11.78 and an EV to EBIT of 15.55, indicating financial concerns compared to peers like Vesuvius India and RHI Magnesita, despite a recent stock performance of 10.24% over the past week.
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