Adani Wilmar Faces Significant Stock Decline Amid Broader Market Trends

Jan 13 2025 09:35 AM IST
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Adani Wilmar's stock has experienced a significant decline, hitting a new 52-week low. The shares have underperformed in comparison to the FMCG sector and the broader market, with a continuous downward trend over the past four days. The stock is currently trading below multiple moving averages.
Adani Wilmar, a key player in the FMCG sector, has faced a notable decline in its stock performance today. On January 13, 2025, the company's shares dropped by 7.17%, reaching a new 52-week low of Rs. 267.45. This decline is part of a broader trend, as the stock has underperformed its sector by 7.02% and has seen a continuous downward trajectory over the past four days, accumulating an overall decline of 18.1%.

The trading day began with a significant gap down, reflecting a loss of 7.05%. During the session, the stock hit an intraday low of Rs. 267.45, marking an 8.28% decrease. Currently, Adani Wilmar is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

In comparison to the broader market, Adani Wilmar's one-day performance of -6.72% stands in stark contrast to the Sensex's decline of only 0.81%. Over the past month, the company's stock has decreased by 11.15%, while the Sensex has fallen by 6.55%.
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