AKI India Hits 52-Week Low Amid Sustained Downward Trend in Leather Sector
AKI India, a microcap in the leather sector, has hit a new 52-week low, reflecting a significant decline over the past year. The stock has consistently traded below key moving averages and has underperformed compared to its sector and the broader market, highlighting ongoing challenges.
AKI India, a microcap player in the leather industry, has reached a new 52-week low of Rs. 10.9 as of January 13, 2025. The stock has been underperforming, showing a decline of 1.38% relative to its sector, which itself has faced a 2.13% drop. Over the last two days, AKI India has experienced a consecutive fall, resulting in an overall decrease of 8.26% in returns.Currently, AKI India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past year, the stock has seen a significant decline of 62.83%, contrasting sharply with the broader Sensex index, which has gained 5.86% during the same period. This performance underscores the ongoing challenges faced by AKI India in the market.
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