Surya Roshni Stock Sees 5.19% Increase, Reflecting Industry Performance
On November 27, 2024, Surya Roshni, a midcap company in the steel/sponge iron/pig iron industry, saw a 5.19% increase in its stock price, reaching an intraday high of Rs 566. However, the stock is currently trading lower than its moving averages and has underperformed compared to the Sensex in the past 1 day and 1 month. This reflects the current state of the industry and is not a recommendation to invest.
Surya Roshni, a midcap company in the steel/sponge iron/pig iron industry, saw a 5.19% increase in its stock price on November 27, 2024. This outperformance was noted by MarketsMOJO, who have given a 'Sell' call for the stock.
The stock reached an intraday high of Rs 566, showing a 4.81% increase. However, Surya Roshni is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.
In comparison to the Sensex, Surya Roshni's performance in the past 1 day and 1 month has been 4.81% and -6.18% respectively, while the Sensex has shown a performance of 0.30% and 1.06% in the same time periods.
Surya Roshni's stock performance is a reflection of the current state of the steel/sponge iron/pig iron industry. While the company has shown a positive growth in its stock price, it is important to note that this is not a recommendation to invest in the stock. Investors should do their own research and make informed decisions.
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