Key Events This Week
Jan 19: Technical momentum shifts amid mixed indicators
Jan 20: Downgrade to Sell rating due to technical weakness and valuation concerns
Jan 20: Mildly bearish momentum confirmed by technical indicators
Jan 23: Week closes at ₹2,988.30 (-2.98%)
Why is Uni Abex Alloy Products Ltd falling/rising?
2026-01-21 01:07:41
Recent Price Movement and Market Context
Uni Abex Alloy’s stock has been under pressure over the past week, registering a steep decline of 9.37%, significantly underperforming the Sensex benchmark, which fell by only 1.73% in the same period. The stock’s downward trend has persisted for four consecutive days, with the price touching an intraday low of ₹2,941, representing a 3.48% drop on 20-Jan. This decline is sharper than the Castings and Forgings sector’s fall of 2.22%, indicating that the stock is facing sector-specific as well as company-specific headwinds.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook. Additionally, investor participation app...
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Uni Abex Alloy Products Ltd Downgraded to Sell Amid Technical Weakness and Valuation Concerns
2026-01-20 08:15:58Uni Abex Alloy Products Ltd, a key player in the Iron & Steel Products sector, has seen its investment rating downgraded from Hold to Sell as of 19 Jan 2026. This shift reflects a combination of deteriorating technical indicators, expensive valuation metrics, and nuanced financial trends despite robust long-term growth. The company’s current Mojo Score stands at 42.0, signalling caution for investors amid a mildly bearish technical outlook and premium pricing relative to peers.
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Uni Abex Alloy Products Ltd Faces Mildly Bearish Momentum Amid Technical Shifts
2026-01-20 08:01:50Uni Abex Alloy Products Ltd has experienced a subtle shift in price momentum, transitioning from a sideways trend to a mildly bearish stance as of January 2026. Technical indicators such as MACD, RSI, and moving averages reveal a complex picture, signalling caution for investors amid a challenging market environment for the iron and steel products sector.
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Uni Abex Alloy Products Ltd Technical Momentum Shifts Amid Mixed Indicators
2026-01-19 08:01:06Uni Abex Alloy Products Ltd has experienced a notable shift in its technical momentum, moving from a mildly bullish stance to a sideways trend as of January 2026. Despite a recent downgrade from a Sell to a Hold rating by MarketsMOJO, the stock’s mixed technical signals across key indicators such as MACD, RSI, and moving averages suggest a cautious outlook for investors navigating the iron and steel products sector.
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Uni Abex Alloy Products Ltd is Rated Sell
2026-01-11 10:10:27Uni Abex Alloy Products Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 07 Jan 2026. However, all fundamentals, returns, and financial metrics discussed here reflect the stock's current position as of 11 January 2026, providing investors with the latest comprehensive analysis.
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