Why is Bihar Sponge falling/rising?

Sep 12 2025 09:36 PM IST
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As of 12-Sep, Bihar Sponge Iron Ltd's stock price is declining at 13.40, down 1.98%, and has underperformed its sector. The stock is trading below all key moving averages, indicating bearish sentiment and weak investor interest.
As of 12-Sep, Bihar Sponge Iron Ltd is experiencing a decline in its stock price, currently at 13.40, which reflects a decrease of 0.27 or 1.98%. The stock has underperformed its sector by 1.95% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.43% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, with a 22.41% drop compared to the 5-day average, suggesting a lack of investor interest. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.

In the broader market context, Bihar Sponge Iron's short-term performance has been notably poor compared to the benchmark Sensex, which has gained 1.48% over the past week while Bihar Sponge has lost 0.74%. Over the past month, the stock has declined by 8.47%, contrasting sharply with the Sensex's increase of 2.08%. Year-to-date, the stock has fallen by 19.52%, while the Sensex has risen by 4.82%. This significant underperformance relative to the benchmark indicates that investor sentiment towards Bihar Sponge Iron is weak, contributing to its declining stock price.
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