Southern Magnesium & Chemicals Faces Ongoing Struggles Amid Market Volatility
Southern Magnesium & Chemicals has faced notable volatility, hitting a new 52-week low amid a downward trend. The stock has underperformed its sector and recorded significant declines over the past three days and year, contrasting with the positive performance of the Sensex and broader non-ferrous metal sector.
Southern Magnesium & Chemicals, a microcap player in the non-ferrous metal industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 145. This decline marks a continuation of a downward trend, with the stock underperforming its sector by 2.91% and recording a total drop of 11.99% over the past three days. Despite opening with a gain of 4.3%, the stock quickly fell, hitting an intraday high of Rs. 158.9 before settling at its low. The performance of Southern Magnesium is notably below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend.
Over the past year, the stock has declined by 35.40%, contrasting sharply with the Sensex, which has seen a positive performance of 4.64%. The broader non-ferrous metal sector has also faced challenges, with a decline of 2.06%. These metrics highlight the ongoing struggles faced by Southern Magnesium & Chemicals in a competitive market environment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
