Hariom Pipe Industries Faces Significant Stock Volatility Amid Broader Market Trends

Hariom Pipe Industries, a small-cap player in the steel, sponge iron, and pig iron industry, has experienced significant volatility in its stock performance. On February 11, 2025, the stock declined by 7.71%, marking a new 52-week low of Rs. 403. This decline is part of a broader trend, as the stock has underperformed its sector by 6.53% today and has seen a consecutive fall over the past four days, resulting in a total drop of 13.57% during this period.
In terms of moving averages, Hariom Pipe Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's one-day performance of -7.02% starkly contrasts with the Sensex, which only saw a minor decline of 0.34%. Over the past month, Hariom Pipe Industries has faced a substantial drop of 21.29%, while the Sensex remained relatively stable with a decrease of just 0.43%. These metrics highlight the challenges facing the company in the current market environment.