ZENITHSTL · Industrials · 2026-08-28

Zenith Steel Pipes & Industries Ltd

Stage 4 · wk 8In scan: Breakout WatchMARKET: WEAK RECOVERING · 2026-08-28
₹5.4
-0.56% today
₹76 Cr · Micro cap
About this companyIndustrials· Building Products - Pipes
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Zenith Steel Pipes & Industries Limited, together with its subsidiaries, manufactures and sells steel pipes in India and internationally. It offers electric resistance welded black and galvanized pipes; and helical submerged arc welded pipes. The company's products are used for various applications, such as agriculture and irrigation water distribution, sprinklers, drill rods, bore-well, construction water distribution, space frames, fences, firefighting and chilled water systems, structural scaffolding and props, green house, industrial general engineering, container making, distribution of gas and crude, transportation of raw and potable water, poles, transmission tower, transportation of oil and gas, transportation of sewage disposal irrigation, piling, ash/slurry transportation, and electricity conduits, as well as the auto industry. It also exports its products to approximately 79 countries, including the United States. The company was formerly known as Zenith Birla (India) Limited and changed its name to Zenith Steel Pipes & Industries Limited in July 2020. The company was incorporated in 1960 and is based in Mumbai, India.

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P/E (TTM)
15.6
Forward —
vs 52W High
-45.6%
₹4.6 lo₹9.9 hi
45.6% below 52W high — deep Stage 4 damage
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 8
1w13w26w
Week 8 — established downtrend
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-11.7%
200 DMA: ₹6.1 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
1.21x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↓
MA20 rolling over · -1.8% vs MA50 -3.0%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Industrials
↓ Peaking
Stage 2%
33.3%
20d Δ
-2.8pp
1M return
+5.0%
3M return
+8.3%
Sector Stage-2 % · last 20 days
Sector has 160 Stage 2 leaders. See Industrials Stage 2 →
Industry
Building Products - Pipes
→ Flat
Stage 2%
30.4%
20d Δ
+0.0pp
1M return
+13.6%
3M return
+14.8%
Industry Stage-2 % · last 20 days
Industry has 7 Stage 2 leaders. See Building Products - Pipes Stage 2 →
Price + Volume Chart
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Stage Cycle Timeline2023-06-05 → 2026-08-28
S2 29w
S4 22w
S4 16w
2023-06-052026-08-28
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 1w → S1 3w → S4 12w → S1 3w → S2 29w → S3 6w → S2 12w → S3 12w → S4 22w → S1 9w → S2 7w → S3 7w → S2 8w → S3 2w → S4 16w → S1 10w → S4 7w current
Total tracked: 168 weeks across 17 stage runs.
1M
-3.1%
3M
-9.6%
6M
+6.8%
YTD
-25.1%
1Y
-33.2%
Scan Membership
Breakout Watch
Latest: 2025-10-28
3 appearances in last 60 days. First seen: 2024-06-26.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-28S4
Wk 8 · Vol —x
2026-08-27S4
Wk 8 · Vol —x
2026-08-26S4
Wk 7 · Vol —x
2026-08-25S4
Wk 7 · Vol —x
2026-08-24S4
Wk 7 · Vol —x
2026-08-21S4
Wk 7 · Vol —x
2026-08-20S4
Wk 7 · Vol —x
2026-08-19S4
Wk 6 · Vol —x
2026-08-18S4
Wk 6 · Vol —x
2026-08-17S4
Wk 6 · Vol —x
2026-08-14S4
Wk 6 · Vol —x
2026-08-13S4
Wk 6 · Vol —x
Sector Peers — Stage 2All →
RATNAVEER
wk 16 · 0.0% from hi
10.0
MARINE
wk 14 · 0.0% from hi
10.0
UNIVCABLES
wk 16 · -3.0% from hi
9.4
MODISONLTD
wk 14 · -0.5% from hi
9.3
APARINDS
wk 27 · -1.1% from hi
9.3
Moving averages & range
50 DMA
₹5.6
200 DMA
₹6.1
52W High
₹9.9
52W Low
₹4.6
5D Low
₹5.4
Resistance levels (recent highs)
20d High
₹5.7
60d High
₹6
120d High
₹7.1
250d High
₹9.9
Next resistance
+5.2%
to 20d High

All analytics based on EOD data. Data as of 2026-08-28. Past data patterns are not indicative of future results. This page is a data analytics tool only.