Mukand Ltd Hits 52-Week Low Amid Broader Sector Decline and Bearish Trends

Jan 22 2025 01:05 PM IST
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Mukand Ltd, a small-cap company in the steel sector, has hit a new 52-week low at Rs. 106.7, reflecting a notable decline in its stock performance. The stock has underperformed significantly over the past year, contrasting sharply with broader market trends.
Mukand Ltd, a small-cap entity in the steel, sponge iron, and pig iron sector, has recently reached a new 52-week low, with its stock price falling to Rs. 106.7. This decline represents a significant underperformance, as the stock has dropped 4.36% today and has seen a total decrease of 7.14% over the last two days. Intraday trading revealed a low of Rs. 106.7, marking a 9.19% decrease.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend. The broader sector has also faced headwinds, with a decline of 2.53%. Over the past year, Mukand Ltd's performance has decreased by 41.54%, in stark contrast to the Sensex, which has recorded a gain of 6.28% during the same period.
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