Surya Roshni Rebounds Amid Mixed Performance in Steel Sector
Surya Roshni, a midcap player in the Steel, Sponge Iron, and Pig Iron sector, rebounded on January 14, 2025, after a six-day decline, reaching an intraday high. Despite this uptick, the stock remains below key moving averages and has seen a significant decline over the past month.
Surya Roshni, a midcap player in the Steel, Sponge Iron, and Pig Iron industry, saw a notable gain of 5.15% on January 14, 2025, following a six-day decline. The stock reached a new 52-week low of Rs. 230.95 earlier in the day but rebounded to an intraday high of Rs. 241.75, reflecting a peak increase of 3.38%. Despite this positive movement, Surya Roshni is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In comparison to the broader market, Surya Roshni outperformed the Sensex, which gained 0.57% on the same day. However, the stock has experienced a decline of 13.84% over the past month, while the Sensex decreased by 6.53%. The overall Steel, Sponge Iron, and Pig Iron sector showed a gain of 2.6% today, highlighting a mixed performance within the industry.
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