Rajratan Global Wire Faces Continued Volatility Amid Broader Market Trends

Jan 24 2025 09:55 AM IST
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Rajratan Global Wire, a small-cap auto ancillary company, faced notable volatility, opening down and hitting a new 52-week low. The stock has declined for two consecutive days, underperforming its sector and trading below multiple moving averages, highlighting a sustained downward trend in its market position.
Rajratan Global Wire, a small-cap player in the auto ancillary industry, has experienced significant volatility today, opening with a loss of 6.3%. The stock reached a new 52-week low of Rs. 448.2, reflecting a broader trend of underperformance, as it lagged behind its sector by 7.83%. This marks the second consecutive day of declines, with the stock recording a total drop of 7.87% over this period.

Throughout the trading session, Rajratan Global Wire touched an intraday low of Rs. 448.2, representing an 8.72% decrease at its lowest point. The stock's performance today is starkly contrasted with the Sensex, which only saw a minor decline of 0.18%. Over the past month, Rajratan Global Wire has also underperformed, with a decrease of 6.29%, compared to the Sensex's 2.67% drop.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its market position.
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