Akme Fintrade Faces Significant Volatility Amid Sustained Downward Trend

Mar 03 2025 02:21 PM IST
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Akme Fintrade (India), a microcap in the finance and NBFC sector, has hit a new 52-week low of Rs. 65 amid significant volatility. The stock has declined 16.31% over the past five days and is trading below key moving averages, indicating a sustained downward trend.
Akme Fintrade (India), a microcap player in the finance and non-banking financial company (NBFC) sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 65. This marks a notable decline, as the stock has underperformed its sector by 2.59%. Over the past five days, Akme Fintrade has faced a consecutive downturn, with a total drop of 16.31% in returns.

Today's trading session saw the stock hit an intraday low of Rs. 65, reflecting a decrease of 4.48%. The company's performance is further highlighted by its position relative to key moving averages; Akme Fintrade is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

While the stock's one-year performance remains unavailable, it is essential to note that the broader market, represented by the Sensex, continues to serve as a benchmark for comparison. Investors and market watchers will be keenly observing any developments that may influence Akme Fintrade's trajectory in the coming days.
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