Sarda Energy & Minerals Surges 6.69%, Outperforming Sector Amid Market Decline

Sarda Energy & Minerals has demonstrated notable performance in the steel and sponge iron sector, with a recent increase of 6.69% on December 26, 2024. The stock is currently positioned just 3.09% below its 52-week high of Rs 524.9, indicating strong market resilience. Over the past three days, Sarda Energy has shown a consistent upward trend, accumulating returns of 8.39%. On this particular trading day, the stock reached an intraday high of Rs 516.75, reflecting an increase of 8.21%. This performance is particularly impressive as it outpaced the sector by 7.02%. In terms of moving averages, Sarda Energy is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a robust short- to long-term performance trajectory. In the broader market context, Sarda Energy's one-day performance of 5.69% stands in stark contrast to the Sensex, which experienced a slight decline of 0.14%. Over the past month, the company has achieved a remarkable 17.11% increase, while the Sensex has dipped by 2.05%.