Sandur Manganese & Iron Ores Shows Strong Performance Amid Sector Volatility

Jan 23 2025 01:35 PM IST
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Sandur Manganese & Iron Ores experienced notable trading activity on January 23, 2025, with significant intraday volatility. The stock reached an intraday high of Rs 428.05 and is currently positioned above its short-term moving averages, while showing a gain over the past month despite a decline in the Sensex.
Sandur Manganese & Iron Ores, a midcap player in the mining and minerals sector, has shown significant activity today, with a notable increase of 7.33% on January 23, 2025. This performance has allowed the stock to outperform its sector by 5.34%, contributing to a total return of 8.39% over the past two days.

During today's trading session, the stock reached an intraday high of Rs 428.05, reflecting an increase of 8.78%, while the intraday low was Rs 383.1, marking a decline of 2.64%. The stock exhibited high volatility, with an intraday volatility rate of 8.2%, calculated from the weighted average price.

In terms of moving averages, Sandur Manganese & Iron Ores is currently positioned above its 5-day and 20-day moving averages, but below its 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has gained 2.07%, contrasting with a decline of 2.46% in the Sensex.
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