Steel Authority of India Faces Decline Amid Broader Industry Challenges in February 2025

Feb 14 2025 01:45 PM IST
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Steel Authority of India Ltd. faced a decline on February 14, 2025, amid a broader downturn in the Steel industry. The stock fluctuated during the session, reaching an intraday high before falling. It remains above its 5-day moving average but below longer-term averages, indicating mixed momentum.
Steel Authority of India Ltd. has experienced a notable decline of 3.11% on February 14, 2025, reflecting a broader trend within the Steel/Sponge Iron/Pig Iron industry, which has seen a decrease of 2.46%. The stock underperformed its sector by 0.57%, indicating a challenging day for the company amidst fluctuating market conditions.

During the trading session, Steel Authority of India reached an intraday high of Rs 113.3, marking a gain of 3.56%, but subsequently fell to a low of Rs 105.6, representing a drop of 3.47%. This performance follows a brief period of gains, as the stock has reversed after two consecutive days of upward movement.

In terms of moving averages, the stock is currently positioned higher than its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum. Over the past month, Steel Authority of India has shown a slight decline of 0.09%, outperforming the Sensex, which has decreased by 1.23% during the same period.
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