Black Rose Industries Hits 52-Week Low Amid Broader Textile Sector Decline

Jan 13 2025 02:05 PM IST
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Black Rose Industries, a microcap textile firm, has hit a new 52-week low at Rs. 117, reflecting a notable decline over the past year. The stock has faced consecutive losses recently, trading below key moving averages, while managing to slightly outperform its sector amid broader industry challenges.
Black Rose Industries, a microcap player in the textile sector, has reached a new 52-week low, with its stock price falling to Rs. 117 on January 13, 2025. This decline represents a significant 22.70% drop in value over the past year, starkly contrasting with the Sensex's 5.36% gain during the same timeframe.

The stock has been on a downward trajectory, with consecutive losses over the last two days contributing to a total decline of 2.93%. Notably, on the day it hit the new low, Black Rose Industries managed to outperform its sector by 0.82%, even as the broader textile industry faced a decline of 3.27%. During the trading session, the stock reached an intraday low of Rs. 117, marking a decrease of 4.49%.

Currently, Black Rose Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position for the company.
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