Steel Authority of India Ltd. Stock Declines by -3.85% on October 7th, Rated as 'Sell' by MarketsMOJO

Steel Authority Of India ., one of the largest steel companies in India, has seen a decline in its stock price by -3.85% on October 7th, 2024. This underperformance is reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'. The stock touched an intraday low of Rs 134.4, which is a decrease of -3.27% from the previous day's closing price. However, the stock is still performing better than the sector, with a difference of -1.75%. When looking at the moving averages, it can be seen that the stock is currently higher than the 20 day moving average, but lower than the 5 day, 50 day, 100 day, and 200 day moving averages. This indicates a mixed trend for the stock in the short term. In comparison to the overall market performance, Steel Authority Of India Ltd. has underperformed with a -3.89% decrease, while the Sensex has shown a minimal increase of 0.01%. However, in the past month, the stock has outperformed the Sensex with a 3.25% increase, while the Sensex has only seen a 0.64% increase. Despite the recent decline in stock price, Steel Authority Of India . remains a largecap company in the steel industry. As a neutral and informative news article, it is important to note that this article does not provide any recommendations or mention any potential future developments. The information provided is based on facts and data from the given sources.