Bajaj Steel Industries Hits Day High with 9.9% Intraday Surge

Oct 20 2025 09:53 AM IST
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Bajaj Steel Industries has experienced notable activity, achieving consecutive gains over the past two days and outperforming its sector. The stock is currently positioned above its shorter-term moving averages, indicating a mixed trend. Its recent performance reflects resilience amid broader market momentum, with the Sensex reaching a new 52-week high.
Bajaj Steel Industries has shown significant activity today, gaining 7.61% and reaching an intraday high of Rs 615.8, reflecting a 9.9% increase. This performance marks a notable outperformance against its sector, exceeding sector gains by 7.46%. The stock has been on a positive trajectory, achieving consecutive gains over the last two days, with a total return of 16.32% during this period.

In terms of moving averages, Bajaj Steel Industries is currently positioned higher than its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. This indicates a mixed trend in the stock's performance over different time frames.

Overall, Bajaj Steel Industries has demonstrated resilience in the market, particularly in the context of the broader market's positive momentum, as the Sensex has also reached a new 52-week high today. The stock's recent performance highlights its potential for recovery amidst varying market conditions.
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