Rathi Steel & Power Hits 52-Week Low Amidst Sector Underperformance and Volatility

Jan 13 2025 01:05 PM IST
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Rathi Steel & Power has faced notable volatility, hitting a new 52-week low and experiencing a significant decline over the past three days. The stock is trading below multiple moving averages, indicating a bearish trend, while its performance over the past year has lagged behind the broader market.
Rathi Steel & Power has experienced significant volatility today, reaching a new 52-week low of Rs. 37.01. This marks a notable downturn for the microcap company within the Steel, Sponge Iron, and Pig Iron industry. The stock has underperformed its sector by 6.18% and has seen a consecutive decline over the past three days, totaling a drop of 14.29%.

On this trading day, Rathi Steel & Power recorded an intraday low of Rs. 37.01, reflecting a decrease of 9.73%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In contrast, the broader Steel/Sponge Iron/Pig Iron sector has declined by 2.46%. Over the past year, Rathi Steel & Power's performance has been relatively stagnant, with a return of 0.73%, compared to the Sensex's return of 5.64%.
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