Suraj Stock Hits New 52-Week Low at Rs. 296.05 Amid Market Decline

Suraj, a microcap company in the Iron & Steel Products industry, has reached a new 52-week low of Rs. 296.05 today, marking a significant decline in its stock performance. This drop comes as the stock has underperformed its sector by 2.56% and has experienced a consecutive fall over the past two days, resulting in a total decline of 4.98% during this period.
The stock's intraday low of Rs. 296.05 reflects a 5.1% decrease from the previous trading session. Suraj's performance over the past year has been notably poor, with a decline of 34.29%, contrasting sharply with the Sensex's modest gain of 1.16%. The company's financial metrics indicate challenges, including a high Debt to EBITDA ratio of 2.51 times, which suggests difficulties in servicing its debt obligations.

Additionally, Suraj has reported negative results for the last two consecutive quarters, with a significant drop in net sales and operating profit growth. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a downward trend in its market position.