Why is Owais Metal falling/rising?

Jun 20 2025 10:52 PM IST
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As of 20-Jun, Owais Metal and Mineral Processing Ltd's stock price is 620.95, down 2.0% with significant declines of 39.22% year-to-date and 53.22% over the past year. Despite outperforming its sector today, the stock has struggled compared to the broader market, indicating a lack of investor confidence.
As of 20-Jun, Owais Metal and Mineral Processing Ltd's stock price is currently at 620.95, reflecting a decline of 12.65 points or 2.0%. The stock has underperformed significantly over various periods, with a year-to-date drop of 39.22% and a one-year decline of 53.22%. Despite this, today's performance indicates that it has outperformed its sector by 5.99%. The stock's moving averages show it is higher than the 5-day, 20-day, and 50-day averages but lower than the 100-day and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 91.99% against the 5-day average, suggesting a growing interest in the stock. However, there is no information available regarding positive or negative factors impacting the stock.

In the broader market context, the stock's performance over the past week and month has been negative, with declines of 9.59% and 5.34%, respectively, while the benchmark Sensex has shown gains of 1.59% and 1.74% during the same periods. This stark contrast highlights the stock's struggles relative to the overall market. Year-to-date, while the Sensex has risen by 6.21%, Owais Metal's significant decline indicates a lack of investor confidence compared to the broader market trends. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.03 crore.
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