Steel Exchange India Hits 52-Week Low Amid Ongoing Market Challenges

Jan 13 2025 09:35 AM IST
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Steel Exchange India has hit a new 52-week low, marking a notable decline. The stock has underperformed its sector and is trading below all key moving averages, reflecting a bearish trend. Over the past year, the company has experienced a significant drop, contrasting with broader market gains.
Steel Exchange India has reached a new 52-week low of Rs. 9.65, reflecting a significant downturn for the company. Today, it has underperformed its sector by 1.24%, continuing a trend of decline with a total drop of 6.9% over the past three days. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past year, Steel Exchange India has seen a decline of 24.28%, contrasting sharply with the Sensex's positive return of 5.77%. These performance indicators highlight ongoing challenges for the company in the competitive steel market.
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