Why is Owais Metal falling/rising?

Sep 17 2025 11:29 PM IST
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As of 17-Sep, Owais Metal and Mineral Processing Ltd's stock price is at 484.00, down 2.65%, with a significant decline in delivery volume and a negative return of 52.63% year-to-date, contrasting sharply with the Sensex's positive performance. The stock's moving averages suggest a bearish trend, indicating ongoing struggles in the current market environment.
As of 17-Sep, Owais Metal and Mineral Processing Ltd is experiencing a decline in its stock price, currently at 484.00, which represents a decrease of 13.15 or 2.65%. The stock has underperformed its sector by 3% today, and its delivery volume has significantly dropped by 61.7% compared to the 5-day average, indicating falling investor participation. In terms of performance against benchmarks, the stock has shown a negative return of 5.55% over the past week and a staggering decline of 52.63% year-to-date, while the Sensex has increased by 1.43% and 7.13% respectively during the same periods. The stock's moving averages indicate that it is higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has shown positive returns both in the short term and year-to-date. While the Sensex has gained 1.43% over the past week, Owais Metal's significant decline highlights its struggles in the current market environment. The overall market sentiment appears to favor other stocks, as evidenced by the benchmark's positive performance, further exacerbating Owais Metal's challenges. The lack of available positive factors in the dashboard indicates that there are no recent developments to counterbalance the negative trends affecting the stock's price.
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