Ram Ratna Wires Faces Continued Decline Amid Broader Market Weakness
Ram Ratna Wires, a small-cap company in the non-ferrous metal sector, saw a notable decline on April 4, 2025, marking its second consecutive day of losses. Despite this, it outperformed its sector slightly, while the broader market, represented by the Sensex, also experienced significant downturns.
Ram Ratna Wires, a small-cap player in the non-ferrous metal industry, has experienced a significant decline of 7.48% on April 4, 2025. The stock opened the day with a loss of 2.05% and reached an intraday low of Rs 515.75, reflecting a drop of 7.39%. This marks the second consecutive day of losses for Ram Ratna Wires, which has seen a total decline of 7.22% over this period.In terms of performance metrics, Ram Ratna Wires has outperformed its sector by 0.5% today, despite the broader market challenges. The non-ferrous metal sector itself has fallen by 7.32%. Currently, Ram Ratna Wires is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
In the wider market context, the Sensex has also faced a sharp decline, falling 775.32 points to 75,384.77, down 1.19% after a negative opening. The Sensex is trading below its 50-day moving average, which is also below the 200-day moving average, reflecting a bearish sentiment in the market.
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