Sandur Manganese & Iron Ores Faces Notable Decline Amid Mixed Performance Trends
Sandur Manganese & Iron Ores saw a decline on January 24, 2025, reversing a brief period of gains. The stock is currently above its 5-day moving average but below longer-term averages. Over the past month, it has declined less than the broader Sensex index, indicating relative stability.
Sandur Manganese & Iron Ores has experienced a notable decline of 5.24% on January 24, 2025, underperforming its sector by 3.46%. This downturn follows a brief period of gains, marking a trend reversal after two consecutive days of positive performance. The stock reached an intraday low of Rs 399, reflecting a decrease of 4.89% during the trading session.In terms of moving averages, Sandur Manganese & Iron Ores is currently positioned higher than its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed short-term performance relative to longer-term trends.
Over the past month, the stock has shown a decline of 1.67%, while the broader Sensex index has decreased by 2.98%. This performance highlights the stock's relative stability compared to the overall market, despite today's significant drop. Investors and market watchers will be keen to observe how these trends evolve in the coming days.
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