Why is Owais Metal falling/rising?

Sep 24 2025 11:47 PM IST
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As of 24-Sep, Owais Metal and Mineral Processing Ltd's stock price is declining at 441.45, down 4.65%, and underperforming its sector. The stock is trading below all moving averages and has seen a significant drop in investor participation, with a year-to-date decline of 56.79%.
As of 24-Sep, Owais Metal and Mineral Processing Ltd is experiencing a decline in its stock price, currently at 441.45, which reflects a decrease of 21.55 or 4.65%. The stock has underperformed its sector by 4.4% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 15.16% against the 5-day average. The stock has also shown significant underperformance over various periods, with a year-to-date decline of 56.79% compared to a 5.97% increase in the Sensex.

In the broader market context, Owais Metal's short-term performance has been significantly worse than the benchmark, with a 1-week return of -8.79% compared to the Sensex's -1.08%. This stark contrast highlights the stock's struggles relative to the overall market. The lack of positive factors reported further compounds the challenges faced by the company, indicating a difficult environment for recovery in its stock price.
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