S.A.L Steel's Stock Continues to Perform Well Despite 'Sell' Call by MarketsMOJO

S.A.L Steel, a microcap company in the iron and steel industry, has been making headlines in the stock market recently. According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock has been given a 'Sell' call. This news has caught the attention of investors and traders alike.

In recent bulk deals, Multiplier Share & Stock Advisors Private Limited bought and sold a significant number of shares of S.A.L Steel on the National Stock Exchange (NSE). On December 20, 2023, the company bought 8.04 lacs shares at Rs 25.82 and sold the same number of shares at Rs 27.38. Similarly, Nk Securities Research Private Limited also bought and sold 6.81 lacs shares on the same day at different prices.

Despite these bulk deals, S.A.L Steel's stock has been performing well in the market. It has outperformed the sector by 4.9% and has been on a consecutive gain for the last 2 days, with a 5.6% increase in returns. The stock also touched an intraday high of Rs 25.45, a 4.73% increase.

Moreover, S.A.L Steel is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In comparison to the Sensex performance, S.A.L Steel has shown a 1-day performance of 4.36% while the Sensex has only seen a 0.25% increase. Similarly, in the last month, S.A.L Steel has outperformed the Sensex with a 37.53% increase compared to the Sensex's 3.94% increase.

Overall, S.A.L Steel's stock has been performing well and showing positive growth in the market. However, it is important to do thorough research and analysis before making any investment decisions.