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

Mar 24 2025 09:39 AM IST
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Mahamaya Steel Industries has achieved a new 52-week high of Rs. 250, following a four-day gain streak. The stock's performance has been strong, trading above key moving averages. Over the past year, the company has significantly outperformed the Sensex, delivering a return of 156.10%.
Mahamaya Steel Industries has made headlines today as its stock price reached a new 52-week high of Rs. 250, marking a significant milestone for the microcap company in the ferrous metal industry. This achievement comes after a four-day streak of gains, during which the stock has appreciated by 4.17%. Despite this upward trend, Mahamaya Steel's performance today slightly lagged behind its sector, underperforming by 0.61%.

The stock traded within a narrow range of Rs. 1.1, with an intraday high of Rs. 250, reflecting a 2.06% increase. Notably, Mahamaya Steel is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term trend.

In the broader market context, the Sensex opened higher at 77,456.27, gaining 550.76 points (0.72%), and is currently trading at 77,256.05. The small-cap segment is leading the market, with the BSE Small Cap index up by 0.88%. Over the past year, Mahamaya Steel Industries has delivered an impressive return of 156.10%, significantly outperforming the Sensex, which has risen by 6.07%.
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