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Top Losers over 1-Week 
 : 
Steel Sector 

 

Here are the top top losers over 1-week from the Steel Sector. Also read our detailed report on the steel sector.

Download Now: 7 Unstoppable Growth Engines of India's $10 Trillion Bull Run...

COMPANY PRICE ON Apr 26, 2024 (Rs) PRICE ON Apr 18 2024 (Rs) CHANGE (%) 52-WEEK H/L (Rs) GET MORE INFO
S&P BSE SENSEX 73,730.16 72,488.99 1.71% 75,124.28 /
59,954.91 		 More Info 
NIFTY 50 22,419.95 21,995.85 1.9% 22,775.70 /
17,711.20 		 More Info 
HEERA ISPAT 7.62 8.90 -14.38% 12.50 / 5.78  More Info 
RAJDARSHAN 47.41 54.89 -13.63% 63.45 / 29.51  More Info 
RISHABH DIGH 29.06 32.77 -11.32% 53.34 / 15.26  More Info 
AHMED.STEEL 40.65 44.94 -9.55% 53.26 / 17.32  More Info 
MAHALAXMI SM 11.31 12.47 -9.30% 14.75 / 5.38  More Info 
ELANGO INDUS 10.48 11.33 -7.50% 19.56 / 5.05  More Info 
LESHA STEELS 15.41 16.63 -7.34% 31.10 / 12.27  More Info 
KRIDHAN INFRA 4.56 4.89 -6.75% 7.68 / 1.95  More Info 
ABC GAS 58.73 62.85 -6.56% 85.00 / 31.86  More Info 
ADHUNIK INDUSTRIES 37.40 39.98 -6.45% 52.22 / 19.51  More Info 
RAJRATAN GLOBAL WIRE 628.95 669.80 -6.10% 880.15 /
578.00 		 More Info 
DP WIRES 516.60 548.90 -5.88% 677.80 /
416.60 		 More Info 
PRAKASH STEELAGE 7.95 8.35 -4.79% 16.63 / 3.75  More Info 
UNI ABEX 2,744.25 2,874.00 -4.51% 3,998.90 /
975.00 		 More Info 
BIHAR SPONGE 14.70 15.31 -3.98% 22.44 / 8.01  More Info 
INDSIL HYDROPOWER 49.83 51.75 -3.71% 73.95 / 30.00  More Info 
KACHCHH MINERALS 36.76 37.96 -3.16% 44.55 / 18.66  More Info 
MANAKSIA STEELS 58.04 59.75 -2.86% 107.10 /
36.10 		 More Info 
NOVA IRON & STEEL 27.00 27.79 -2.84% 39.69 / 8.18  More Info 
RAM RAT.WIRE 331.30 340.00 -2.56% 366.95 /
185.00 		 More Info 
GOODLUCK INDIA 897.35 919.70 -2.43% 1,168.80 /
365.60 		 More Info 
FACOR ALLOYS 7.91 8.07 -1.98% 12.25 / 6.20  More Info 
PRADHIN 45.00 45.89 -1.94% 59.99 / 33.03  More Info 
DHATRE UDYOG 24.24 24.64 -1.62% 31.73 / 8.10  More Info 
VBC FERRO 46.50 47.17 -1.42% 55.30 / 32.15  More Info 

Date: April 26, 2024  (Close)     Only Buyers Only Buyers    Only Sellers Only Sellers   * Mutual Funds that hold this stock



FAQs

Which are the top steel companies in India?

Based on marketcap, these are the top steel companies in India:

You can see the full list of steel stocks here.

And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for best steel stocks in India.

What are the top gainers and top losers within the steel sector today?

Within the Steel sector, the top gainers were CAPTAIN TECHNOCAST (up 10.0%) and RIDDHI STEEL & TUBE (up 8.2%). On the other hand, MANGALAM WORLDWIDE LTD. (down 5.5%) and ELECTROSTEEL STEELS (down 4.9%) were among the top losers.

For more, please visit the BSE metal index live chart and also check out our steel sector report.

How should you value steel companies?

Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.

Two commonly used financial ratios used in the valuation of stocks are -

Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.

Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.

To know more about the steel sector's past and ongoing performance, have a look at the performance of the NIFTY Metal Index and BSE Metal Index.

Which are some important indices one should track?

Well, it depends on what your goals are.

Having said that, the two key indices to track are the BSE Sensex which contains the list of BSE 30 stocks and the NSE Nifty which contains the list of NSE 50 stocks.

However, these two indices are considered to be too narrow by some, since they only track 30 and 50 stocks, respectively.

For broader tracking, you could use the BSE 200, BSE 500 or even the NSE 500 index.

Some popular market cap based indices include BSE Smallcap index and BSE Midcap index, among others.

Which important sectoral indices should one track?

It depends on one's specific interests and investment goals.

Some popular sectoral indices to track in addition to the broader market indices are BSE IT index, BSE healthcare index, BSE manufacturing index and BSE auto index.

It's important to research and understand the industries and companies included in each sectoral index to make informed investment decisions.


Today's Market

Sensex Today Tanks 609 Points | Auto Stocks Drag | Bajaj Finance, L&T Technology Sink 7% Sensex Today Tanks 609 Points | Auto Stocks Drag | Bajaj Finance, L&T Technology Sink 7%(Closing)

After opening the day on high, Indian share markets reversed the trend as the session progressed and ended the lower.

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