Mahamaya Steel Industries Achieves 52-Week High Amid Strong Market Performance

May 23 2025 09:36 AM IST
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Mahamaya Steel Industries has achieved a new 52-week high of Rs. 301, reflecting a strong performance in the iron and steel sector. The stock has gained consistently over the past week and significantly outperformed the broader market, showcasing impressive growth over the past year.
Mahamaya Steel Industries has made headlines today as its stock price reached a new 52-week high of Rs. 301, marking a significant milestone for the microcap company in the iron and steel products sector. This achievement comes after a robust performance over the past week, during which the stock has gained 20.18%, outperforming its sector by 2.63%.

The stock's upward trajectory is underscored by its consistent performance, as it has now recorded gains for seven consecutive days. Additionally, Mahamaya Steel is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.

In the broader market context, the Sensex has also shown positive movement, rising by 360.30 points to reach 81,257.30 after a flat opening. This performance is particularly noteworthy given that Mahamaya Steel's one-year return stands at an impressive 157.66%, significantly outpacing the Sensex's 7.83% gain over the same period. The stock's previous 52-week low was recorded at Rs. 94.15, highlighting its remarkable recovery and growth trajectory.
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