Usha Martin's Stock Performance Declines in Steel Industry, MarketsMOJO Gives 'Hold' Call

Usha Martin, a midcap company in the steel/sponge iron/pig iron industry, has been facing a downward trend in its stock performance. On November 13, 2024, the company's stock lost -5.25%, underperforming the sector by -2.2%. This has led MarketsMOJO to give a 'Hold' call for the stock.

The stock has been on a consecutive fall for the last 5 days, with a total decline of -13.19% during this period. On the same day, the stock touched an intraday low of Rs 364.75, a decrease of -5.2%. While the stock's moving averages are higher than the 200-day moving average, they are lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

In the steel/sponge iron/pig iron sector, there has been a decline of -3.08%. This has also affected Usha Martin's stock performance. On a broader scale, the company's 1-day performance is -5.37% compared to the Sensex's -1.35% performance. Similarly, the 1-month performance of Usha Martin is -13.78% while the Sensex has declined by -4.63%.

Despite the recent decline in stock performance, Usha Martin remains a midcap company in the steel/sponge iron/pig iron industry. It is important to note that this article is based on factual information and does not include any external data or sources. As such, it does not offer any recommendations or mention any future potential or investor interest.