Indian Metals & Ferro Alloys Faces Significant Volatility Amid Broader Sector Decline

Apr 07 2025 10:53 AM IST
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Indian Metals & Ferro Alloys has hit a new 52-week low amid significant volatility, with a notable decline over the past two days. The stock is trading below key moving averages, while the broader sector also faces downturns. Despite this, the company shows strong debt servicing capability and impressive operating profit growth.
Indian Metals & Ferro Alloys has experienced significant volatility today, reaching a new 52-week low of Rs. 554.4. The stock has been on a downward trend, losing 11.16% over the past two days, including an opening gap down of 8.38% today. The intraday low of Rs. 554.4 reflects a decline of 10.25% from the previous close.

In terms of performance, Indian Metals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical outlook. The broader Ferro & Silica Manganese sector has also seen a decline of 6.95%.

Despite the recent downturn, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.67 times. Additionally, it boasts a high dividend yield of 6.07% at the current price, and its operating profit has shown impressive growth at an annual rate of 89.57%. However, the stock has underperformed the market over the past year, with a return of -21.92% compared to the BSE 500's -3.84%.
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