Gallantt Ispat Ltd. sees -5.13% decline in stock price, underperforms in steel industry

Oct 25 2024 11:05 AM IST
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Gallantt Ispat Ltd., a midcap company in the steel industry, has seen a decline in its stock price by -5.13% on October 25th, 2024. This underperformance is reflected in the stock's 'Hold' rating by MarketsMojo. The stock has been on a downward trend for the past 5 days, with a fall of -12.09% during this period. Despite this, the stock's moving averages are higher than its 200-day moving average. In comparison to the Sensex, Gallantt Ispat Ltd. has underperformed with a -5.13% decrease.

Gallantt Ispat Ltd., a midcap company in the steel industry, has seen a decline in its stock price by -5.13% on October 25th, 2024. This underperformance is reflected in the stock's 'Hold' rating by MarketsMOJO.

The stock has been on a downward trend for the past 5 days, with a fall of -12.09% during this period. On the day of October 25th, the stock touched an intraday low of Rs 323.5, a decrease of -5.13%. While the stock's moving averages are higher than its 200-day moving average, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In the steel/sponge iron/pig iron sector, Gallantt Ispat Ltd. has seen a decline of -3.01%. This is in line with the overall performance of the sector.

Comparing the stock's performance to the Sensex, Gallantt Ispat Ltd. has underperformed with a -5.13% decrease, while the Sensex has only seen a -0.74% decrease. In the past month, the stock has seen a decline of -15.54%, while the Sensex has seen a decrease of -6.69%.

Despite the recent decline in stock price, Gallantt Ispat Ltd. remains a midcap company in the steel industry. This information is based on facts and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.
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