Shivalik Bimetal Controls Faces Significant Volatility Amidst Ongoing Market Challenges

Feb 18 2025 11:53 AM IST
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Shivalik Bimetal Controls, a small-cap company in the Steel/Sponge Iron/Pig Iron sector, has hit a new 52-week low amid significant volatility. The stock has underperformed its sector and is trading below key moving averages, reflecting ongoing challenges in the market, with a notable decline over the past year.
Shivalik Bimetal Controls, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 425.1. This decline marks a notable underperformance, as the stock has fallen by 11.86% over the past two days, trailing its sector by 2.84%.

Despite opening with a gain of 3.28%, the stock quickly reversed course, hitting an intraday high of Rs. 457.95 before dropping to its low. The day's trading has been characterized by high volatility, with an intraday fluctuation of 5.41%.

In terms of moving averages, Shivalik Bimetal is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past year, the stock has declined by 22.90%, contrasting sharply with the Sensex, which has gained 4.62% during the same period. These performance metrics highlight the challenges facing Shivalik Bimetal Controls in the current market environment.
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