Zenith Steel Pipes Hits 52-Week Low Amid Sustained Market Underperformance

Jan 28 2025 10:06 AM IST
share
Share Via
Zenith Steel Pipes & Industries has reached a new 52-week low, reflecting ongoing challenges in the steel sector. The stock has dropped 11.6% over the past four days and has consistently underperformed compared to its sector and the broader market, indicating a sustained downward trend.
Zenith Steel Pipes & Industries has experienced significant activity today, reaching a new 52-week low of Rs. 6.56. This decline marks a notable moment for the microcap company within the steel, sponge iron, and pig iron industry. Over the past four days, the stock has consistently underperformed, with a total drop of 11.6% during this period.

In terms of market performance, Zenith Steel has lagged behind its sector, underperforming by 2.7% today. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

Looking at the broader picture, Zenith Steel's performance over the past year shows a slight decline of 0.15%, contrasting sharply with the Sensex, which has gained 7.28% in the same timeframe. These metrics highlight the challenges faced by Zenith Steel Pipes & Industries in a competitive market environment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News