Southern Magnesium & Chemicals Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Jun 04 2025 10:35 AM IST
share
Share Via
Southern Magnesium & Chemicals Ltd is experiencing notable selling pressure, with the stock declining over consecutive days and underperforming against the broader Sensex index. It has consistently traded below key moving averages, indicating a challenging market environment and a significant year-to-date decline compared to the index's modest gain.
Southern Magnesium & Chemicals Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past five days, resulting in a decline of 8.3% during this period. In contrast, the broader Sensex index has shown a modest decline of just 0.51% over the same timeframe.

On a daily basis, Southern Magnesium & Chemicals Ltd has reported a performance drop of 1.99%, while the Sensex has gained 0.20%. Over the past month, the stock has decreased by 1.34%, compared to a 0.49% increase in the Sensex. Year-to-date, the stock has underperformed significantly, with a decline of 45.19% against the Sensex's gain of 3.53%.

The stock opened at 143.05 and has remained at this price, indicating a lack of upward movement. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing bearish trend. The current market dynamics and performance metrics suggest a challenging environment for Southern Magnesium & Chemicals Ltd.
{{stockdata.stock.stock_name.value}} Live

{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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