Why is P S Raj Steels falling/rising?

Sep 02 2025 11:56 PM IST
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As of 02-September, P S Raj Steels Ltd's stock price is declining at 144.00, down 5.26%, and underperforming its sector and the Sensex. The stock has seen a significant drop in investor participation and has consistently traded below its moving averages, indicating a lack of confidence among investors.
As of 02-September, P S Raj Steels Ltd is experiencing a decline in its stock price, currently at 144.00, which reflects a decrease of 8.0 or 5.26%. The stock has underperformed its sector by 5.95% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 75% compared to the 5-day average. The stock's performance over the past week shows a decline of 5.54%, and over the past month, it has decreased by 9.38%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.

In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, the Sensex, which has only declined by 0.54% over the past week. While the Sensex has shown a slight increase of 0.06% over the past month, P S Raj Steels has continued to fall, indicating a lack of investor confidence in the stock relative to the overall market. This underperformance suggests that the stock is not only struggling in its sector but also failing to keep pace with broader market trends.
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