Shyam Metalics & Energy Ltd's Stock Declines -3.07% Amidst Mixed Moving Averages

Shyam Metalics & Energy Ltd, a largecap company in the steel, sponge iron, and pig iron industry, saw a decline of -3.07% in its stock price on November 11, 2024. This underperformance was reflected in the stock's 'Hold' call by MarketsMOJO.

The stock has been on a downward trend for the past three days, with a fall of -10.29% during this period. On the day of the report, the stock touched an intraday low of Rs 791, a decrease of -3.2%. However, the stock's moving averages show a mixed trend, with it being higher than the 100-day and 200-day moving averages, but lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Shyam Metalics & Energy Ltd's stock has underperformed, with a -3.14% decline compared to the Sensex's 0.44% increase on the same day. Over the past month, the stock has seen a decline of -13.29%, while the Sensex has also seen a decrease of -1.89%.

Despite the recent decline in stock price, Shyam Metalics & Energy Ltd remains a largecap company in the steel, sponge iron, and pig iron industry. Investors should keep an eye on the company's performance in the coming days to make informed decisions about their investments.