Sandur Manganese & Iron Ores Ltd's Stock Declines by -5.4% Amidst Negative Market Sentiment.

Sandur Manganese & Iron Ores Ltd, a midcap mining and minerals company, has seen a decline in its stock price by -5.4% on October 22, 2024. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock has underperformed the sector by -1.74% and has been on a consecutive fall for the last 5 days, with a decline of -13.26% in this period. On the day of October 22, the stock touched an intraday low of Rs 418, a decrease of -5.53%.

In terms of moving averages, Sandur Manganese & Iron Ores Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

The mining and minerals sector as a whole has also seen a decline of -3.63%, further adding to the negative sentiment surrounding Sandur Manganese & Iron Ores Ltd.

In comparison to the overall market performance, Sandur Manganese & Iron Ores Ltd has underperformed the Sensex by -5.24% in the last 1 day and -15.80% in the last 1 month.

Investors should keep a close eye on the stock and monitor its performance in the coming days. With the current downward trend, it is advisable to exercise caution before making any investment decisions.