Southern Magnesium & Chemicals Ltd Faces Significant Selling Pressure, Stock Declines 60.65% Year-to-Date

Sep 30 2025 02:50 PM IST
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Southern Magnesium & Chemicals Ltd is experiencing significant selling pressure, with a notable decline over the past three days. The stock has reached a new 52-week low and is trading below key moving averages, contrasting sharply with the performance of the broader Metal - Non Ferrous sector.
Southern Magnesium & Chemicals Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past three days, resulting in a total loss of 12.6% during this period. Today, the stock fell by 5.00%, underperforming the Sensex, which decreased by only 0.12%.

In the past week, Southern Magnesium & Chemicals has seen a decline of 11.16%, while the Sensex dropped by 2.23%. Over the last month, the stock has lost 12.18%, contrasting sharply with the Sensex's modest gain of 0.58%. Year-to-date, the stock has plummeted by 60.65%, compared to the Sensex's increase of 2.73%. Notably, the stock has reached a new 52-week low of Rs. 102.7 today.

The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. In contrast, the broader sector of Metal - Non Ferrous has gained 2.5%, highlighting the stock's underperformance relative to its industry peers.
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