Mishra Dhatu Nigam Demonstrates Resilience Amid Broader Market Decline

Apr 01 2025 12:50 PM IST
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Mishra Dhatu Nigam has demonstrated notable resilience in a challenging market, gaining 5.32% on April 1, 2025, while the broader Sensex declined. The stock has outperformed its sector recently, with a 17.86% increase over the past month, despite a year-over-year decline of 31.38%.
Mishra Dhatu Nigam has shown significant activity today, gaining 5.32% on April 1, 2025, and outperforming the broader sector by 4.2%. The stock reached an intraday high of Rs 285.1, reflecting a 4.62% increase. In terms of moving averages, the stock is currently above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages.

In the broader market context, the Sensex has experienced a sharp decline, falling 581.64 points to 76,300.94, a drop of 1.44%. Despite this downturn, Mishra Dhatu Nigam's performance stands out, particularly over the past month, where it has gained 17.86%, compared to the Sensex's 4.23% increase. However, the stock's longer-term performance shows a decline of 31.38% over the past year, contrasting with the Sensex's 3.08% gain.

Overall, Mishra Dhatu Nigam's recent performance highlights its resilience amid a challenging market environment, particularly in the midcap steel sector.
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