Recent Price Movement and Market Context
Surya Roshni’s shares have been under pressure for the past nine consecutive trading sessions, resulting in a cumulative loss of approximately 15.57% during this period. The stock’s intraday low of ₹255.15 on 21-Nov highlights the persistent selling momentum. This decline is in line with the broader Steel/Sponge Iron/Pig Iron sector, which has also experienced a downturn of 2.61% on the same day. However, Surya Roshni’s underperformance is more pronounced when compared to benchmark indices such as the Sensex, which has posted modest gains of 0.79% over the past week and 0.95% over the past month.
Trading volumes further underscore the bearish sentiment, with the weighted average price skewed towards the lower end of the day’s ra...
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