Mishra Dhatu Nigam Faces Significant Volatility Amid Sustained Downward Trend

Feb 18 2025 11:57 AM IST
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Mishra Dhatu Nigam, a small-cap entity in the Steel/Sponge Iron/Pig Iron sector, has hit a new 52-week low of Rs. 249.95 amid significant volatility. The stock has declined 11.83% over three days and is trading below all major moving averages, reflecting ongoing challenges in its performance.
Mishra Dhatu Nigam, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 249.95. This decline marks a notable underperformance, with the stock trailing its sector by 3.63%. Over the past three days, Mishra Dhatu Nigam has seen a consecutive fall, accumulating a total decline of 11.83%.

Today's trading session saw the stock hit an intraday low of Rs. 249.95, reflecting a decrease of 5.54% from the previous close. The stock's performance over the past year has been challenging, with a decline of 40.28%, contrasting sharply with the Sensex, which has gained 4.55% during the same period.

Additionally, Mishra Dhatu Nigam is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Investors and market watchers will be keen to observe how the company navigates these challenging conditions in the coming days.
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