Why is P S Raj Steels falling/rising?

Sep 18 2025 11:57 PM IST
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As of 18-Sep, P S Raj Steels Ltd is priced at Rs 190.50, down 1.37%, with strong recent returns but declining investor participation. Despite outperforming the Sensex, the stock's falling delivery volume raises concerns about future price stability.
As of 18-Sep, P S Raj Steels Ltd is currently priced at Rs 190.50, reflecting a decline of Rs 2.65 or 1.37%. The stock has shown strong performance over the past week and month, with returns of 27.85% and 27.00%, respectively. However, today it underperformed its sector by 1.77%. Despite trading above all key moving averages, the stock has experienced a significant drop in investor participation, with delivery volume falling by 62.08% compared to the 5-day average. There is no information available regarding positive or negative factors affecting the stock.

In the broader market context, while P S Raj Steels has outperformed the Sensex over the past week and month, the benchmark index has only gained 1.67% and 2.20%, respectively. This indicates that the stock's recent decline may be influenced by a combination of reduced investor interest and sector underperformance, despite its strong short-term returns. The liquidity of the stock remains adequate for trading, but the falling delivery volume suggests a potential concern for future price stability.
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