Ashapura Minechem's Stock Hits 52-Week Low, Underperforms Sector and Market

Ashapura Minechem, a smallcap company in the mining and minerals industry, has been facing a downward trend in its stock performance. On October 29, 2024, the company's stock lost -7.74%, closing at a new 52-week low of Rs.228.6. This underperformance was also reflected in the stock's performance compared to the sector, with a -3.71% difference.

The stock has been on a consecutive fall for the last 3 days, resulting in a -25.38% decline in returns during this period. Today, the stock opened with a loss of -3.7% and touched an intraday low of Rs.228.6, a decrease of -5.93%. Ashapura Minechem is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, Ashapura Minechem's stock has significantly underperformed. On a 1-day basis, the stock's performance was -7.67% compared to the Sensex's -0.49%. Over the past month, the stock has seen a decline of -26.80%, while the Sensex has only decreased by -6.96%.

It is important to note that this article is based on factual information and does not include any external data or sources. This is not a recommendation to buy or sell the stock, but rather an informative piece on the recent performance of Ashapura Minechem. Investors are advised to do their own research and make informed decisions.