Sandur Manganese & Iron Ores Ltd Stock Declines by -5.22% Amidst Bearish Trend.

Sandur Manganese & Iron Ores Ltd, a midcap mining and minerals company, saw a decline in its stock price by -5.22% on October 7th, 2024. The stock has been on a downward trend for the past four days, with a consecutive fall of -6.92% during this period. This underperformance is reflected in the stock's performance today, as it has underperformed the sector by -1.09%.

The stock's intraday high was Rs 492.7, a 2.19% increase, while the intraday low was Rs 458, a -5.01% decrease. Sandur Manganese is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

The mining and minerals sector has also seen a decline of -4.12%, further adding to the negative sentiment surrounding Sandur Manganese's stock.

In comparison to the overall market performance, Sandur Manganese's stock has underperformed the Sensex by -5.60% in the past day and -5.45% in the past month. This suggests that the company's stock has not been able to keep up with the market's performance.

Based on these factors, MarketsMOJO has given a 'Hold' call for Sandur Manganese & Iron Ores Ltd. Investors are advised to closely monitor the stock's performance and market trends before making any investment decisions.