Why is Newmalayalam St. falling/rising?

Sep 16 2025 11:47 PM IST
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As of 16-Sep, Newmalayalam Steel Ltd's stock price is at 35.00, down 2.78%, and has underperformed its sector today. Despite a 6.06% gain over the past week, it has declined 3.85% in the last month and 54.66% year-to-date, indicating a negative long-term trend compared to the Sensex.
As of 16-Sep, Newmalayalam Steel Ltd's stock price is currently at 35.00, reflecting a decrease of 1.0, or 2.78%. The stock has underperformed its sector by 3.44% today, despite showing a significant increase in delivery volume, which rose by 191.67% compared to the 5-day average. Over the past week, the stock has gained 6.06%, but it has declined by 3.85% over the past month and a substantial 54.66% year-to-date. The stock's moving averages indicate it is performing better than the 5-day, 20-day, 50-day, and 100-day averages, but it remains below the 200-day moving average. There are no specific positive or negative factors provided that could further explain the stock's recent movement.

In the broader market context, Newmalayalam Steel Ltd's short-term performance has been notably stronger than the benchmark Sensex, which has only increased by 1.49% over the past week. However, the stock's longer-term performance is concerning, as it has significantly underperformed the Sensex year-to-date, which has risen by 6.74%. This disparity suggests that while there may be short-term fluctuations in investor interest, the overall trend for Newmalayalam Steel Ltd remains negative compared to the broader market.
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