Why is Beekay Steel Ind. falling/rising?

Aug 08 2025 09:15 PM IST
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As of 08-Aug, Beekay Steel Industries Ltd is priced at 499.95, showing a slight increase but trading below all key moving averages, indicating a bearish trend. Despite a year-to-date decline of 25.93%, investor participation has risen significantly, although the stock has underperformed compared to the broader market.
As of 08-Aug, Beekay Steel Industries Ltd is currently priced at 499.95, reflecting a slight increase of 0.05 (0.01%). The stock has shown a trend reversal by gaining after two consecutive days of decline, and it has outperformed its sector by 1.77%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite a year-to-date decline of 25.93%, the stock has seen a significant rise in investor participation, with delivery volume increasing by 87.67% compared to the 5-day average. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.

In the broader market context, Beekay Steel's short-term performance over the past week shows a decline of 0.74%, which is better than the benchmark Sensex's drop of 0.92%. Over the past month, the stock has decreased by 4.77%, slightly underperforming the Sensex, which fell by 4.60%. Year-to-date, while Beekay Steel has faced a substantial decline, the Sensex has gained 2.20%, highlighting a stark contrast in performance between the stock and the broader market.
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