Garg Furnace Hits 52-Week Low Amid Significant Stock Decline and Sector Underperformance

Jan 13 2025 09:35 AM IST
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Garg Furnace, a microcap in the steel sector, has reached a new 52-week low, with its stock price at Rs. 245.5. The company has underperformed its sector and experienced a cumulative decline of 12.21% over the past four days, indicating a bearish trend in its trading performance.
Garg Furnace, a microcap player in the steel, sponge iron, and pig iron sector, has hit a new 52-week low, with its stock price reaching Rs. 245.5 on January 13, 2025. This marks a significant downturn for the company, which has underperformed its sector by 1.8% today. Over the last four days, the stock has seen a cumulative decline of 12.21%.

The trading session began with a gap down of 2.18%, and the stock recorded an intraday low of Rs. 245.5, reflecting a decrease of 2.58%. Garg Furnace has been trading within a narrow range of just Rs. 1, and it currently sits below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the company has experienced a performance decline of 6.13%, in stark contrast to the Sensex, which has gained 5.77% during the same timeframe.
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