Surya Roshni's Stock Sees Decline of -7.61% on November 14, Underperforming Sector

Surya Roshni, a midcap company in the steel/sponge iron/pig iron industry, has seen a decline in its stock price on November 14, 2024. The stock has lost -7.61% on this day, underperforming the sector by -0.34%. MarketsMOJO has given a 'Hold' call for the stock.

The stock opened with a loss of -2.11% today and touched an intraday low of Rs 650 (-2.11%). It has been on a downward trend for the last 5 days, with a fall of -5.53% in this period. However, the stock's moving averages are still higher than the 20 day, 100 day, and 200 day moving averages, but lower than the 5 day and 50 day moving averages.

In comparison to the Sensex performance, Surya Roshni's 1 day performance is -8.43% while the Sensex has only seen a decline of -0.12%. Similarly, in the last 1 month, Surya Roshni's performance has been -14.97% while the Sensex has seen a decline of -5.34%.

Investors and experts are advised to hold their positions on Surya Roshni for now, as the stock's performance has been underwhelming in the recent days. However, with its moving averages still higher than the long-term averages, there may be potential for a rebound in the future.