Why is Mangalam Alloys falling/rising?

Sep 12 2025 11:25 PM IST
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As of 12-Sep, Mangalam Alloys Ltd's stock price is declining at 57.00, down 1.72%, with significant drops in delivery volume and negative returns over the past week and month, despite a strong year-to-date performance. The stock is underperforming compared to the benchmark Sensex, indicating shifting investor sentiment.
As of 12-Sep, Mangalam Alloys Ltd is experiencing a decline in its stock price, currently at 57.00, which reflects a decrease of 1.0 or 1.72%. The stock has underperformed its sector today by 1.69%, and its delivery volume has significantly decreased by 82.76% compared to the 5-day average, indicating falling investor participation. In terms of returns, the stock has seen a negative performance over the past week and month, with declines of 6.94% and 3.23%, respectively, while it has performed positively year-to-date with a gain of 40.74%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.

Broader market context shows that while Mangalam Alloys has had a strong year-to-date performance, it is currently lagging behind the benchmark Sensex, which has gained 1.51% over the past week and 2.56% over the past month. This underperformance in the short term suggests that investor sentiment may be shifting away from Mangalam Alloys, especially as the broader market shows positive momentum. The stock's current price movement and declining investor interest could be contributing to its recent struggles against a backdrop of a generally rising market.
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