Ankit Metal & Power Faces Ongoing Challenges Amid Steel Industry Volatility

Feb 19 2025 09:37 AM IST
share
Share Via
Ankit Metal & Power, a microcap in the steel industry, has hit a new 52-week low, reflecting significant volatility and a 47.98% decline over the past year. The stock has consistently underperformed its sector and is trading below key moving averages, indicating ongoing challenges in the market.
Ankit Metal & Power, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 2.32. This decline marks a notable downturn, as the stock has underperformed its sector by 4.57% and has seen a consecutive fall over the past four days, resulting in an overall drop of 18.02% during this period.

The company's performance over the past year has been challenging, with a decline of 47.98%, contrasting sharply with the Sensex, which has gained 4.28% in the same timeframe. Additionally, Ankit Metal & Power is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its stock performance.

These metrics highlight the ongoing struggles faced by Ankit Metal & Power in a competitive market environment, reflecting broader challenges within the steel industry. Investors and market observers will be closely monitoring any developments that could impact the company's trajectory moving forward.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Kamdhenu Ventures Ltd is Rated Sell
23 minutes ago
share
Share Via
Ircon International Ltd is Rated Strong Sell
23 minutes ago
share
Share Via
BMW Industries Ltd is Rated Sell
23 minutes ago
share
Share Via
Veritas (India) Ltd is Rated Strong Sell
23 minutes ago
share
Share Via
Last Mile Enterprises Ltd is Rated Sell
23 minutes ago
share
Share Via
Aveer Foods Ltd is Rated Sell
23 minutes ago
share
Share Via