Surya Roshni Achieves Six Consecutive Days of Gains Amid Market Volatility

Surya Roshni, a midcap player in the steel, sponge iron, and pig iron industry, has seen a significant increase of 5.47% on January 23, 2025. This marks the sixth consecutive day of gains for the stock, which has achieved a total return of 7.9% during this period. On this day, Surya Roshni outperformed its sector by 3.27%, showcasing a robust market presence.
The stock reached an intraday high of Rs 280.65, reflecting a 4% increase. In terms of moving averages, Surya Roshni's stock price is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has recorded a performance of 1.37%, in contrast to the Sensex, which has declined by 2.43%. Despite the positive short-term performance, there are indications of a cautious outlook surrounding the stock.