Sarda Energy & Minerals Experiences Notable Rebound Amidst Sector Gains and Mixed Trends

Jan 29 2025 03:20 PM IST
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Sarda Energy & Minerals experienced a notable rebound on January 29, 2025, gaining 5.07% after three days of decline. The stock's performance reflects a mixed short-term trend, as it remains above its 5-day and 200-day moving averages but below others. The broader sector also showed positive movement.
Sarda Energy & Minerals has shown notable activity on January 29, 2025, with a gain of 5.07%, outperforming its sector by 2.68%. This marks a trend reversal for the stock, which had experienced three consecutive days of decline prior to today’s performance. The stock reached an intraday high of Rs 445.9, reflecting a 4.92% increase at its peak.

In terms of moving averages, Sarda Energy & Minerals is currently positioned higher than its 5-day and 200-day moving averages, while remaining below the 20-day, 50-day, and 100-day moving averages. This indicates a mixed short-term trend in relation to its longer-term performance.

The broader Steel/Sponge Iron/Pig Iron sector also saw positive movement, gaining 2.09% on the same day. Over the past month, Sarda Energy & Minerals has faced a decline of 5.94%, contrasting with the Sensex, which has decreased by 2.73%. Overall, today's performance highlights a significant rebound for Sarda Energy & Minerals amidst a challenging month.
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