Accel Experiences Significant Volatility Amidst Ongoing Challenges in IT Hardware Sector

Feb 14 2025 10:05 AM IST
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Accel, a microcap in the IT hardware sector, has faced significant volatility, hitting a new 52-week low. The stock has seen a cumulative drop over two days and is trading below multiple moving averages. Its performance has declined over the past year, contrasting with broader market gains.
Accel, a microcap player in the IT hardware sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 18.36. This decline marks a notable underperformance, with the stock down 10.02% compared to its sector peers. Over the past two days, Accel has seen a cumulative drop of 11.74%, continuing a downward trend that has persisted despite an initial gain of 7.21% at the market open.

During intraday trading, Accel peaked at Rs. 22.01 but quickly fell to its low of Rs. 18.36, reflecting a high intraday volatility of 9.01%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Over the past year, Accel's performance has declined by 23.44%, contrasting sharply with the Sensex, which has gained 6.26% in the same period. These metrics highlight the ongoing challenges faced by Accel in a competitive landscape.
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