Shyam Metalics & Energy's Stock Sees -4.31% Decline, 'Hold' Call by MarketsMOJO

Shyam Metalics & Energy, a largecap company in the steel, sponge iron, and pig iron industry, has seen a decline in its stock price by -4.31% on October 22, 2024. This has led to a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock has underperformed the sector by -2.64% and has been on a consecutive fall for the last three days, with a -7.4% decrease in returns during this period. On the same day, the stock also touched an intraday low of Rs 843.45, a decline of -4.48%.

Despite this recent dip, Shyam Metalics & Energy's moving averages are still higher than the 50-day, 100-day, and 200-day averages. However, it is currently lower than the 5-day and 20-day moving averages.

In comparison to the overall market performance, Shyam Metalics & Energy's stock has seen a -4.46% decrease in the last 1 day, while the Sensex has seen a 0.35% increase. Over the last month, the stock has seen a -7.97% decrease, while the Sensex has seen a -3.67% decrease.

Investors should keep an eye on Shyam Metalics & Energy's stock performance in the coming days to see if it can bounce back from its recent decline. However, it is important to note that this article is based on factual information and does not offer any recommendations or predictions about the future potential of the company's stock.