Mangalam Cement Faces Significant Volatility Amid Broader Market Challenges

Feb 18 2025 01:15 PM IST
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Mangalam Cement has faced notable volatility, with a significant decline observed on February 18, 2025. The stock has trended downward over the past three days, resulting in a substantial monthly decline. Its performance has lagged behind the broader market, indicating challenges for the company in the current environment.
Mangalam Cement has experienced significant volatility today, with the stock declining by 8.11% as of February 18, 2025. This performance marks a notable underperformance compared to its sector, trailing by 5.24%. The stock has been on a downward trend, recording a consecutive loss over the past three days, resulting in a total decline of 15.5% during this period.

Opening the day with a gap down of 4.1%, Mangalam Cement reached an intraday low of Rs 693.45, reflecting a decrease of 6.99%. The stock's current trading position is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

In terms of broader performance metrics, Mangalam Cement has seen a 26.70% decline over the past month, significantly outpacing the Sensex's modest drop of 1.08%. These figures highlight the challenges faced by the company within the current market environment, particularly for a small-cap player in the cement industry.
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