Rathi Steel & Power Faces Significant Stock Volatility Amid Industry Challenges

Feb 17 2025 10:10 AM IST
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Rathi Steel & Power, a microcap in the steel industry, has faced significant stock volatility, reaching a new 52-week low. The stock has declined 11% over two days and is trading below multiple moving averages, reflecting ongoing challenges and a 41.30% drop in one-year performance compared to the Sensex.
Rathi Steel & Power, a microcap player in the steel, sponge iron, and pig iron industry, has experienced significant volatility in its stock performance today. The stock reached a new 52-week low of Rs. 30.85, marking a notable decline as it underperformed its sector by 4.69%. Over the past two days, Rathi Steel has seen a consecutive fall, with a total drop of 11% in returns.

Today's trading session saw the stock touch an intraday low of Rs. 30.85, reflecting a decrease of 5.89% at its lowest point. Additionally, Rathi Steel 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, Rathi Steel & Power has faced challenges, with a one-year performance decline of 41.30%, contrasting sharply with the Sensex, which has gained 4.15% over the same period. This performance highlights the ongoing difficulties faced by the company in the current market landscape.
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