Steel Strips Wheels Hits 52-Week Low Amid Broader Sector Declines

Jan 22 2025 01:35 PM IST
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Steel Strips Wheels has reached a 52-week low, reflecting a significant downturn for the company. The stock has declined over the past four days and is trading below multiple moving averages, indicating a bearish trend. Over the past year, it has underperformed compared to the Sensex and the auto ancillary sector.
Steel Strips Wheels has experienced significant activity today, hitting a 52-week low of Rs. 188.35. This decline marks a notable downturn for the company, which has underperformed its sector by 0.68%. The stock has been on a downward trajectory, with a total decline of 7.55% over the last four days.

Intraday, Steel Strips Wheels recorded a low of Rs. 188.35, reflecting a decrease of 3.16%. Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has declined by 30.63%, in stark contrast to the Sensex's gain of 6.26%, while the broader auto ancillary sector has faced a decrease of 2.15%.
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