Mukand Ltd Experiences Revision in Stock Score Amid Ongoing Market Challenges in Q1 2025

Mukand Ltd, a small-cap player in the steel, sponge iron, and pig iron sector, has recently experienced a notable adjustment in its evaluation. The company’s stock has been under pressure, reaching a new 52-week low of Rs. 124.25 on January 10, 2025, following a two-day decline that saw a decrease of 3.64%. Despite a brief recovery with a 2.5% gain at the market open today, the stock only managed to peak at an intraday high of Rs. 128.9. Over the past year, Mukand Ltd's performance has been disappointing, with a significant decline of 35.51%. This stark contrast to the Sensex, which has recorded a positive return of 7.70% during the same timeframe, highlights the challenges the company is facing in the current market landscape. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reinforcing a bearish trend in its price movement. In light of these developments, Mukand Ltd has been added to MarketsMOJO's list, indicating a revision in its score that reflects the ongoing difficulties the company is encountering. Investors and market analysts will be closely monitoring the situation as Mukand navigates these challenging conditions.