Steelcast Achieves Record High Amid Strong Market Performance and Sector Outperformance

Steelcast, a small-cap player in the castings and forgings industry, has shown significant activity today, gaining 8.04% on March 17, 2025. The stock reached a new 52-week and all-time high of Rs. 1060, marking a notable intraday increase of 7.88%. Over the past three days, Steelcast has demonstrated a strong upward trend, accumulating a total return of 9.81%.
In terms of performance metrics, Steelcast has outperformed its sector by 4.46% today. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust short- to long-term performance trajectory.

In the broader market context, the Sensex experienced a rise of 367.09 points, closing at 74,197.12, despite trading below its 50-day moving average. Mid-cap stocks are leading the market, with the BSE Mid Cap index gaining 0.84%. Over various time frames, Steelcast has shown impressive performance, with a year-to-date increase of 24.64% and a remarkable 10-year growth of 2512.13%, significantly outpacing the Sensex's performance during the same periods.