Shyam Metalics & Energy's Stock Sees Decline and 'Sell' 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 -3.13% on November 8th, 2024. This has led to a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the stock.

The stock has underperformed the sector by -2.64% and has been on a consecutive fall for the last two days, with a -5.44% decrease in returns during this period. On the same day, the stock touched an intraday low of Rs 831.9, showing a decline of -3.49%.

While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This suggests a mixed trend for the stock in the short term.

In comparison to the overall market performance, Shyam Metalics & Energy has underperformed with a -3.71% decrease, while the Sensex has only seen a -0.14% decline. Similarly, in the past month, the stock has seen a -7.54% decrease, while the Sensex has only seen a -2.70% decline.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers interested in the performance of Shyam Metalics & Energy in the stock market.