Mukand Stock Hits 52-Week Low Amid Sustained Downward Trend in Steel Sector

Feb 17 2025 10:06 AM IST
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Mukand, a small-cap company in the Steel/Sponge Iron/Pig Iron sector, has hit a new 52-week low amid significant volatility. The stock has underperformed its sector and is trading below multiple moving averages, reflecting ongoing challenges. Over the past year, it has declined notably compared to the Sensex.
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. 99.5. This decline marks a notable downturn, as the stock has underperformed its sector by 2.33%. Over the past two days, Mukand has seen a consecutive fall, with a total decline of 4.81% during this period.

The stock opened the trading session with a gap down of 3.18%, reflecting ongoing bearish sentiment. Throughout the day, it touched an intraday low of Rs. 99.5, representing a decrease of 4.23%. Additionally, Mukand is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

In terms of longer-term performance, Mukand has faced challenges, with a one-year decline of 41.15%, contrasting sharply with the Sensex, which has gained 4.07% over the same period. These metrics highlight the stock's current struggles within a competitive market landscape.
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