Why is Ahm. Steelcraft falling/rising?

Nov 06 2025 09:46 PM IST
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As of 06-Nov, Ahmedabad Steelcraft Ltd's stock price is Rs 187.85, down 7.37%, underperforming its sector and major indices. The stock shows a bearish trend with significant declines in both short-term and long-term performance, indicating negative market sentiment.
As of 06-Nov, Ahmedabad Steelcraft Ltd is experiencing a decline in its stock price, currently at Rs 187.85, which reflects a decrease of Rs 14.95 or 7.37%. The stock has underperformed its sector by 6.79% today, opening with a significant loss of 7.3%. It reached an intraday low of Rs 183, marking a drop of 9.76%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased substantially, with a 61.83% drop compared to the 5-day average, suggesting a lack of investor interest. The stock has shown a poor performance over the past year, with a decline of 42.40%, while its year-to-date performance is down 29.37%.

In the broader market context, the stock's short-term performance over the past week shows a decline of 2.97%, compared to a smaller decline of 1.30% in the Sensex, indicating that it is underperforming relative to the benchmark. Over the past month, the stock has also lagged behind the Sensex, which has gained 1.86%. This underperformance in both short-term and long-term metrics, combined with falling investor participation and liquidity concerns, suggests that the market sentiment towards Ahmedabad Steelcraft Ltd is currently negative.
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