Recent Price Movement and Market Context
The stock hit a new 52-week low of ₹2,222 during intraday trading on 09-Jan, marking a 2.38% fall from previous levels. This decline is sharper than the broader market’s movement, with the Sensex gaining 7.67% over the past year while Ratnamani Metals has lost 29.13% in the same period. The stock’s year-to-date return also lags behind the Sensex, falling 5.91% compared to the benchmark’s 1.93% gain. Over shorter time frames, the stock has consistently underperformed, with a one-month loss of 7.21% against the Sensex’s 1.29% decline and a one-week drop of 4.82% versus the benchmark’s 2.55% fall.
Technical indicators further highlight the bearish sentiment. Ratnamani Metals is trading below all major moving averages, including the...
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