Shivalik Bimetal Controls Faces Significant Decline Amidst Market Volatility in October 2023

Feb 14 2025 09:35 AM IST
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Shivalik Bimetal Controls, a small-cap company in the Steel/Sponge Iron/Pig Iron sector, has reached a new 52-week low amid significant volatility. The stock has underperformed its sector and recorded a 15.40% decline over the past year, contrasting with the Sensex's gains.
Shivalik Bimetal Controls, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has experienced significant activity today, reaching a new 52-week low of Rs. 451.25. This decline marks a notable underperformance, as the stock has lagged behind its sector by 2.29%. Over the past four days, Shivalik Bimetal has seen a consecutive drop, accumulating a total return loss of 12.77%.

Today's trading session has been characterized by high volatility, with an intraday volatility rate of 15.22%. The stock's performance has been consistently below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position.

In terms of longer-term performance, Shivalik Bimetal Controls has recorded a decline of 15.40% over the past year, contrasting sharply with the Sensex, which has gained 6.07% during the same period. This performance highlights the ongoing challenges faced by the company in a competitive market landscape.
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