Rajratan Global Wire Hits New Low Amid Broader Sector Challenges and Volatility

Feb 28 2025 03:30 PM IST
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Rajratan Global Wire, a small-cap auto ancillary company, has faced significant losses, hitting a new 52-week low and marking its fourth consecutive day of declines. The stock has underperformed its sector and experienced high volatility, trading below multiple moving averages amid broader sector challenges.
Rajratan Global Wire, a small-cap player in the auto ancillary sector, has experienced significant downward movement today, losing 7.56% of its value. The stock reached a new 52-week low of Rs. 338.45, marking a notable decline as it underperformed its sector by 4.06%. This marks the fourth consecutive day of losses for Rajratan Global Wire, with a total decline of 14% over this period.

Today's trading session saw high volatility, with an intraday fluctuation of 6.13%. The stock touched a low of Rs. 338.45, reflecting a decrease of 6.25% at its lowest point. In terms of moving averages, Rajratan Global Wire is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend.

In comparison, the broader auto ancillary sector has also faced challenges, declining by 2.11%. Over the past month, Rajratan Global Wire has seen a steep drop of 20.55%, contrasting sharply with the Sensex, which has only decreased by 3.56%.
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