Jayaswal Neco Industries Faces Persistent Downward Trend Amid Steel Sector Challenges

Mar 03 2025 09:37 AM IST
share
Share Via
Jayaswal Neco Industries, a small-cap entity in the steel sector, has hit a new 52-week low, reflecting ongoing volatility and a significant decline over the past week. The stock has underperformed its sector and is trading below key moving averages, indicating persistent challenges in a competitive market.
Jayaswal Neco Industries, a small-cap player in the steel, sponge iron, and pig iron sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 29.01. This decline marks a notable downturn for the company, which has underperformed its sector by 2.89%. Over the past six days, the stock has consistently fallen, accumulating a total decline of 14.29%.

In terms of moving averages, Jayaswal Neco is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend. Over the past year, the stock has faced considerable challenges, with a performance drop of 43.87%, starkly contrasting with the Sensex, which has only seen a minor decline of 0.68% during the same period.

These metrics highlight the ongoing struggles faced by Jayaswal Neco Industries in a competitive market environment, reflecting broader trends within the steel industry. Investors and market watchers will be keen to observe how the company navigates these challenges moving forward.
{{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