Shree Steel Wire Ropes Hits New 52-Week Low at Rs. 25.04

Shree Steel Wire Ropes has reached a significant milestone by touching its 52-week low of Rs. 25.04 today, marking a notable decline in its market performance. The stock has been on a downward trajectory, underperforming its sector by 5.07% and experiencing a consecutive fall over the past three days, resulting in a total decline of 6.46% during this period.
Opening the day with a gap down of 5.22%, Shree Steel Wire Ropes has traded consistently at this low price, reflecting ongoing challenges in its market position. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent weakness in its performance metrics.

Over the past year, Shree Steel Wire Ropes has seen a substantial decline of 37.92%, contrasting sharply with the Sensex, which has only dipped by 0.52% during the same timeframe. The company has faced operational difficulties, evidenced by a weak EBIT to interest ratio of 0.35 and a low return on equity of 2.99%. As the market continues to evolve, Shree Steel Wire Ropes remains a focal point for those monitoring the iron and steel products industry.