Bihar Sponge Iron Hits 52-Week Low Amid Sustained Decline in Market Performance

Feb 18 2025 11:54 AM IST
share
Share Via
Bihar Sponge Iron has reached a new 52-week low, reflecting a significant decline in its stock performance. The company has faced consecutive losses over the past three days and has underperformed its sector. Over the past year, it has experienced a notable decline, contrasting with broader market gains.
Bihar Sponge Iron has experienced significant activity today, reaching a new 52-week low of Rs. 12.1. This marks a notable decline for the microcap company, which operates within the steel, sponge iron, and pig iron industry. Over the past three days, the stock has faced consecutive losses, resulting in a total decline of 13.5%.

In terms of performance metrics, Bihar Sponge Iron has underperformed its sector by 1.41% today. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

Looking at the broader picture, the company's performance over the past year has been challenging, with a decline of 28.38%, contrasting sharply with the Sensex, which has gained 4.56% during the same period. These figures highlight the ongoing struggles faced by Bihar Sponge Iron in a competitive market environment.
{{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