Rathi Steel & Power Hits 52-Week Low as Stock Plummets to Rs. 21.65

Rathi Steel & Power has reached a new 52-week low, hitting Rs. 21.65 today, marking a significant downturn for the microcap company in the iron and steel products industry. This decline comes as the stock has underperformed its sector by 4.32% and has experienced a consecutive fall over the last four days, resulting in a total drop of 9.47% during this period.
Today's trading saw the stock touch an intraday low of Rs. 21.65, reflecting high volatility with an intraday fluctuation of 5.12%. Rathi Steel is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Over the past year, Rathi Steel & Power has reported a staggering 60.98% decline in performance, contrasting sharply with the Sensex's drop of only 5.80%. Despite a recent positive performance in net sales and profit after tax, the company's long-term fundamentals remain weak, with a low return on equity and a poor EBIT to interest ratio. The stock's current valuation is notably discounted compared to its peers, yet it continues to face challenges in the market.