Shivalik Bimetal Faces Continued Stock Decline Amid High Market Volatility

Shivalik Bimetal Controls, a small-cap player in the steel, sponge iron, and pig iron sector, has faced notable challenges today, with its stock price declining by 7.63%. This decline marks the fifth consecutive day of losses, totaling a 10.55% drop over this period, and reflects a significant underperformance compared to its sector, which saw a 4.77% decrease.
The stock opened the day with a gap down, starting at a loss of 2.98%, and reached an intraday low of Rs 514.4, indicating a decrease of 7.16%. The trading session was characterized by high volatility, with an intraday volatility rate of 304.56%, calculated from the weighted average price.

From a technical perspective, Shivalik Bimetal is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has declined by 13.90%, while the broader market, as represented by the Sensex, has decreased by 6.63%. These metrics highlight the stock's challenging market position and performance indicators.