Mukand Faces Continued Volatility Amid Broader Market Challenges and Declining Performance

Mar 03 2025 10:36 AM IST
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Mukand, a small-cap company in the Steel/Sponge Iron/Pig Iron sector, has faced notable volatility, hitting a new 52-week low. The stock has declined for five consecutive days, underperforming its sector and trading below key moving averages, reflecting ongoing challenges in the market and a significant year-over-year drop.
Mukand, 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. 86.6. This decline marks a continued downward trend, as the stock has fallen for five consecutive days, resulting in a total drop of 15.1% during this period.

Despite opening with a gain of 2.43%, the stock's performance has underperformed its sector by 1.8%. Throughout the trading session, Mukand reached an intraday high of Rs. 91.8, but ultimately closed lower, reflecting broader challenges in the market.

In terms of technical indicators, Mukand is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent bearish trend. Over the past year, the stock has seen a substantial decline of 49.27%, contrasting sharply with the Sensex, which has only decreased by 1.08%. These metrics highlight the ongoing struggles faced by Mukand in a competitive market environment.
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