Surya Roshni Hits Day Low of Rs 275.75 Amid Price Pressure
Surya Roshni, a small-cap company in the Iron & Steel Products sector, has faced notable losses, marking its second consecutive day of decline. The stock has underperformed relative to its sector and is trading below key moving averages, contrasting with the broader market's positive performance.
Surya Roshni, a small-cap player in the Iron & Steel Products industry, has experienced significant downward movement today, with a loss of 7.41%. The stock reached an intraday low of Rs 275.75, reflecting an 8.16% decline from the previous close. This marks the second consecutive day of losses for Surya Roshni, contributing to an overall drop of 8.69% over this period.In terms of market performance, Surya Roshni underperformed compared to the broader sector, lagging by 6.9%. The stock's volatility was notable, with an intraday fluctuation of 5.81%. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
While the Sensex has shown resilience, climbing 0.77% today and nearing its 52-week high, Surya Roshni's performance contrasts sharply with this bullish trend. Over the past week, the stock has declined by 8.15%, further highlighting its struggles in the current market environment.
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