Southern Magnesium & Chemicals Ltd Faces Significant Selling Pressure, Stock Declines 65.17% Year-to-Date

Oct 07 2025 11:15 AM IST
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Southern Magnesium & Chemicals Ltd is experiencing significant selling pressure, with a notable decline over the past week and month. The stock has reached a new 52-week low and is trading below key moving averages, indicating ongoing challenges in the minerals and mining 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 seven days, resulting in a total loss of 24.34% during this period. Today, the stock fell by 2.83%, underperforming the Sensex, which gained 0.32%.

In the past week, Southern Magnesium & Chemicals has seen a decline of 13.43%, while the Sensex rose by 2.22%. Over the last month, the stock has plummeted by 24.25%, contrasting sharply with the Sensex's modest gain of 1.66%. Year-to-date, the stock is down 65.17%, compared to the Sensex's increase of 5.00%.

The stock has reached a new 52-week low of Rs. 88.9 today, touching an intraday low of Rs. 88.9, reflecting a drop of 4.97%. Additionally, Southern Magnesium is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The combination of these factors suggests a challenging environment for the stock within the minerals and mining sector.
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