Surya Roshni Faces Sustained Market Challenges Amid Significant Stock Decline

Jan 13 2025 03:40 PM IST
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Surya Roshni, a midcap player in the steel industry, is facing significant market challenges, nearing a 52-week low. The stock has declined consecutively over six days, totaling 16.55%, and has underperformed its sector. Over the past year, it has dropped 41.64%, contrasting sharply with broader market gains.
Surya Roshni, a midcap player in the steel, sponge iron, and pig iron industry, is experiencing significant challenges in the market. The stock recently approached a 52-week low, closing just 0.56% above this mark on January 13, 2025. Today, it recorded an intraday low of Rs 233.95, marking a decrease of 7.05%.

Over the past six days, Surya Roshni has seen a consecutive decline, totaling a drop of 16.55%, and it has underperformed its sector by 2.8% today. The company's performance over the past year has been particularly concerning, with a decline of 41.64%, in stark contrast to the Sensex's gain of 5.25%. Furthermore, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a sustained period of underperformance. The overall sector has also faced headwinds, with a decline of 3.95%.
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