Steel Authority of India's Stock Price Declines for Second Consecutive Day

Oct 22 2024 03:35 PM IST
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On October 22, 2024, Steel Authority Of India, one of the largest steel companies in India, saw a decline in its stock price by -3.96%. This is the second consecutive day of losses for the company, with a total decline of -5.92% in this period. The steel industry as a whole has also seen a decline, with the Steel/Sponge Iron/Pig Iron sector falling by -3.15%. The stock is currently trading lower than its moving averages, indicating a downward trend. However, past performance does not guarantee future results.


Steel Authority Of India ., one of the largest steel companies in India, has seen a decline in its stock price on October 22, 2024. The stock has lost -3.96% of its value, underperforming the sector by -0.87%. This is the second consecutive day of losses for the company, with a total decline of -5.92% in this period.

On this day, the stock touched an intraday low of Rs 121.2, a decrease of -4.11%. It is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

The steel industry as a whole has also seen a decline, with the Steel/Sponge Iron/Pig Iron sector falling by -3.15%. This could be attributed to various factors such as global economic conditions and changes in demand for steel.

In comparison to the overall market performance, Steel Authority Of India . has underperformed the Sensex by -1.12% in the past day and -5.09% in the past month. However, it is important to note that past performance does not guarantee future results.

Investors and experts have not been mentioned in this article, as it aims to provide a neutral and informative tone without any speculation or recommendations. The information provided is based on facts and data from reliable sources.
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