Bhakti Gems & Jewellery Hits 52-Week Low Amidst Ongoing Market Challenges

Jan 13 2025 10:35 AM IST
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Bhakti Gems & Jewellery has encountered significant market challenges, hitting a new 52-week low. The company's stock has declined 30.21% over the past year, underperforming compared to the Sensex. Currently, it trades below multiple moving averages, reflecting ongoing difficulties in the competitive jewellery sector.
Bhakti Gems & Jewellery has experienced significant challenges in the market, reaching a new 52-week low with its stock price at Rs. 13.01 on January 13, 2025. This decline is part of a broader trend, as the company has underperformed its sector by 1.45% today and has seen a total drop of 7.31% over the past three days.

Over the last year, Bhakti Gems has faced a substantial decrease of 30.21%, contrasting sharply with the Sensex's gain of 6.24% during the same period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These performance indicators highlight the ongoing difficulties the company faces in the competitive diamond and gold jewellery market.
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