Shah Alloys Faces Ongoing Challenges Amid Significant Stock Volatility and Decline

Feb 17 2025 11:05 AM IST
share
Share Via
Shah Alloys, a microcap in the Steel/Sponge Iron/Pig Iron sector, has faced notable volatility, hitting a 52-week low of Rs. 50. The stock has declined for three consecutive days, underperforming its sector and trading below key moving averages, reflecting ongoing challenges in the market.
Shah Alloys, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 50. The stock has underperformed its sector by 5.04%, continuing a downward trend that has seen it decline for three consecutive days, resulting in a total drop of 22.97% during this period.

Intraday trading revealed a high of Rs. 57.84, reflecting a modest gain of 3.29%, while the stock's low of Rs. 50 marked a notable decrease of 10.71%. The day's trading was characterized by high volatility, with an intraday fluctuation of 5.59%, indicating a turbulent market environment.

In terms of moving averages, Shah Alloys is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a challenging performance trajectory. Over the past year, the stock has declined by 23.23%, contrasting sharply with the Sensex, which has gained 4.52% during the same timeframe. This performance highlights the ongoing challenges faced by Shah Alloys in the current market landscape.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News