Venus Pipes & Tubes Hits 52-Week Low Amidst Ongoing Market Challenges

Jan 22 2025 09:35 AM IST
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Venus Pipes & Tubes has reached a new 52-week low, with its stock price declining over the past three days. Despite a brief intraday gain, the stock remains below key moving averages and has experienced a year-over-year decline, contrasting with the overall positive trend of the Sensex.
Venus Pipes & Tubes, a small-cap player in the steel industry, has recently hit a new 52-week low, with its stock price reaching Rs. 1347 on January 22, 2025. This decline reflects a continued downward trend, as the stock has fallen consecutively over the past three days, totaling a decrease of 4.65% during this period.

Today, the stock opened with a gain of 2.18% but only managed to reach an intraday high of Rs. 1392. Currently, Venus Pipes & Tubes is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging performance compared to its historical price trends.

Over the past year, the stock has declined by 3.26%, contrasting with the Sensex's positive performance of 6.66%. The company's recent performance and current valuation are noteworthy as it navigates these market fluctuations.
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