Mahamaya Steel share price dropped by 5 per cent intraday on Monday, and dropped to a low of Rs 355.30. The stock opened at Rs 374.85 as compared to its previous closing at Rs 374.00. The stock breached the Lower Circuit of Rs 357.45.
Today’s trading session saw around 6,974 shares being traded in the counter of NSE with a total traded value of Rs 24.96 lacs. The average traded volume calculated for 20 day is 2,99,322.
The lower price band of the share is Rs 355.30 and the upper price band is Rs 392.70. The 52 week high of Mahamaya Steel share price is seen at Rs 504.20 on 8th September 2016 and the 52 week low is Rs 128.00 made on 1st July 2016. The Average Daily Movement of the stock is 36.38. The stock yields 24.62 per cent monthly returns and has the PE ratio of 0. The market cap of the company amounts to Rs. 507.53 (Cr) and has a book value of Rs. 59.90. Even on 16th September the stock breached the Lower Circuit of Rs. 394.80.
Mahamaya Steel is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE. Mahamaya Steel is fundamentally strong and is safe for investment, as per Dynamic analysts. The closest support and resistance level of the stock with regards to the CMP stands at Rs 328.70 and Rs 420.00 respectively.
The revenue earned by the Company for the quarter ended 30th June 2016 was Rs 67.42 crore against the revenue of Rs 81.18 crore for the quarter ended 30th June 2015, showing a Q-o-Q decline. The net profit of the Company for Q1FY17 was registered as Rs 0.88 crore.
In order to acquire more details on the support and resistance levels and also the fundamentals and financials of the stock, kindly refer to Mahamaya Steel share price forecast.
Good one! Thanks for sharing. By the way What's the benifit of investing in funds over the individual stocks and bonds?
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