Mishra Dhatu Nigam Faces Decline Amid Broader Market Gains and Positive Long-Term Trends

Jun 24 2025 09:31 AM IST
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Mishra Dhatu Nigam, a midcap player in the Aerospace & Defense sector, saw a decline on June 24, 2025, following two days of gains. Despite this setback, the stock remains above several moving averages, indicating a longer-term positive trend. Over the past month, it has outperformed the broader market.
Mishra Dhatu Nigam, a midcap player in the Aerospace & Defense sector, experienced a notable decline of 5.11% on June 24, 2025. This drop comes after two consecutive days of gains, indicating a potential trend reversal. The stock reached an intraday low of Rs 438.8, reflecting a decrease of 5.37% during the trading session.

In terms of performance metrics, Mishra Dhatu Nigam underperformed the sector by 5.55% today. However, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend despite the current setback.

In the broader market context, the Sensex opened positively, gaining 637.82 points and currently trading at 82,712.47, which is 3.95% away from its 52-week high. The Sensex is also trading above its 50-day moving average, indicating bullish momentum. Over the past month, Mishra Dhatu Nigam has shown a 10% increase, outperforming the Sensex's 1.21% gain, while its year-to-date performance stands at 30%, significantly higher than the Sensex's 5.85%.
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