Steel Authority Of India Ltd. Stock Declines by -4.42% on October 23, 2024.

Steel Authority Of India ., one of the largest steel companies in India, has seen a decline in its stock price by -4.42% on October 23, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has recommended a 'Sell' for the company's stock.

The stock has underperformed the sector by -4.31% and has been on a consecutive fall for the last 3 days, with a total decline of -9.64% during this period. On the day of October 23, the stock touched an intraday low of Rs 116.5, which is a decrease of -4.55% from the previous day's closing price.

In terms of moving averages, SAIL is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

In comparison to the overall market performance, Steel Authority Of India Ltd. has shown a decline of -4.34% on the day of October 23, while the Sensex has only declined by -0.16%. In the past month, the company's stock has seen a decline of -9.98%, while the Sensex has declined by -5.70%.

Despite being a largecap company in the steel industry, Steel Authority Of India . has faced a decline in its stock price. Investors should keep a close eye on the company's performance and market trends before making any investment decisions.