News and Views
Recent Price Movement and Market Performance
The stock has been under pressure over the past week, registering a 5.43% decline while the Sensex remained virtually flat with a marginal 0.01% gain. Over the last month, Sandur Manganese’s shares have fallen 8.03%, contrasting with the Sensex’s 2.70% rise. This recent underperformance is notable given the company’s strong year-to-date gains of 47.39%, significantly outpacing the benchmark’s 9.69% increase.
On the day in question, the stock underperformed its sector by 2.3%, hitting an intraday low of ₹201.05, down 2.64%. The share price currently trades above its 100-day and 200-day moving averages, signalling a solid medium to long-term trend, but remains below the shorter-term 5-day, 20-day, and 50-day averages, indicati...
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