Shyam Metalics & Energy Ltd's Stock Sees -3.05% Decline, But Still Outperforms Sector

Shyam Metalics & Energy Ltd, a largecap company in the steel, sponge iron, and pig iron industry, saw a decline of -3.05% in its stock price on October 18, 2024. This drop was in line with the overall performance of the sector, as the company underperformed by -1.86%.

The stock opened at Rs 916.00 and touched an intraday low of Rs 887.25, a decrease of -3.35%. However, the stock is still performing well in the long term, with its moving averages higher than the 50-day, 100-day, and 200-day averages. It is worth noting that the stock is currently lower than the 5-day and 20-day moving averages.

In comparison to the Sensex, Shyam Metalics & Energy Ltd's performance on October 18, 2024, was -2.65%, while the Sensex only saw a decline of -0.26%. Looking at the past month, the company's stock has seen a slight increase of 0.64%, while the Sensex has declined by -2.59%.

Despite the recent drop in stock price, MarketsMOJO has given a 'Hold' call for Shyam Metalics & Energy Ltd. This neutral stance is based on the company's current performance and does not take into account any future potential or expert opinions. As a largecap company in the steel industry, Shyam Metalics & Energy Ltd continues to be a strong player in the market.