Steelcast Achieves 52-Week High Amid Strong Market Performance and Positive Sentiment

Steelcast, a small-cap player in the castings and forgings industry, has made headlines today as its stock price reached a new 52-week high of Rs. 1065.05. This milestone was achieved on May 29, 2025, marking a significant moment for the company. The stock has shown strong performance, outperforming its sector by 2.36% and gaining 3.96% over the past two days.
Today, Steelcast opened with a notable gain of 5.99%, reflecting positive market sentiment. The stock's intraday high of Rs. 1065.05 represents a 7.52% increase from the previous close. Additionally, Steelcast is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

In the broader market context, the Sensex opened higher at 81,591.03, gaining 278.71 points, and is currently trading at 81,547.92. The BSE Small Cap index is also performing well, up by 0.33%. Over the past year, Steelcast has delivered an impressive return of 57.39%, significantly outpacing the Sensex's 9.49% performance. The stock's 52-week low stands at Rs. 591.65, highlighting its remarkable recovery and growth trajectory.