Jai Balaji Industries Faces Significant Stock Decline Amid Broader Market Weakness

Jan 13 2025 02:45 PM IST
share
Share Via
Jai Balaji Industries experienced a significant decline on January 13, 2025, closing near its 52-week low. The stock underperformed compared to its sector and the broader market, hitting an intraday low and trading below its moving averages across various time frames. It has decreased notably over the past month.
Jai Balaji Industries, a midcap player in the steel, sponge iron, and pig iron sector, faced a notable decline of 6.64% on January 13, 2025, closing near its 52-week low. The stock ended just 1.73% above its low of Rs 799, underperforming both its sector, which saw a 3.7% decline, and the broader market, with the Sensex down by 1.44%.

During the trading session, Jai Balaji Industries hit an intraday low of Rs 806.6, reflecting a drop of 6.74%. This downturn follows a brief period of gains, as the stock has now retreated after two consecutive days of increases. Currently, it is trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past month, the stock has decreased by 14.67%, contrasting with the Sensex's decline of 7.14%.
{{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