Why is Zenith Steel falling/rising?

Aug 06 2025 09:48 PM IST
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As of 06-Aug, Zenith Steel Pipes & Industries Ltd's stock price is declining at 8.01, down 0.99%, with a 7.18% drop over the past week and a 22.08% decline over the past year. The stock has underperformed compared to the market, with significant losses despite increased investor participation.
As of 06-Aug, Zenith Steel Pipes & Industries Ltd is experiencing a decline in its stock price, currently at 8.01, which reflects a decrease of 0.08 or 0.99%. The stock has underperformed its sector by 0.44% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.55% during this period. In terms of returns, the stock has shown a 7.18% decline over the past week and a 22.08% drop over the past year, while it has gained 1.01% over the past month. Although the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages. There has been a rise in investor participation, with delivery volume increasing by 11.88% against the 5-day average, indicating some interest despite the price decline. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.

In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -7.18% compared to the Sensex's -1.15%. This underperformance highlights a significant divergence from the overall market trend, which has seen the Sensex increase by 3.08% year-to-date, while Zenith Steel has only managed a slight decline of 0.25% in the same timeframe. The contrasting performance over the past year, where the stock has dropped significantly while the benchmark has gained, further emphasizes the challenges faced by Zenith Steel in the current market environment.
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