Kirloskar Ferrous Industries Experiences Significant Adjustment in Evaluation Amid Market Challenges

Kirloskar Ferrous Industries, a prominent player in the Steel/Sponge Iron/Pig Iron sector, has recently experienced a revision in its score by MarketsMOJO. The stock has faced a challenging period, with a notable decline of 5.05% on January 6, 2025, contributing to a consecutive fall over the last two days, during which it recorded a total drop of 3.61%. Despite the stock's performance aligning with sector trends, it has underperformed compared to the broader market, with the Sensex showing a decline of only 1.71% on the same day. The stock reached an intraday low of Rs 620.1, reflecting a decrease of 4.6%. In terms of moving averages, Kirloskar Ferrous Industries is currently positioned higher than its 50-day moving average but lower than its 5-day, 20-day, 100-day, and 200-day moving averages. The overall performance of the Steel/Sponge Iron/Pig Iron sector has also been under pressure, with a decline of 2.9%. In light of these developments, Kirloskar Ferrous Industries has been added to MarketsMOJO's list, indicating a significant adjustment in evaluation amidst the current market conditions.