Cello World Hits 52-Week Low Amid Sustained Downward Trend in FMCG Sector

Jan 24 2025 01:05 PM IST
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Cello World, a midcap FMCG company, has hit a new 52-week low, reflecting significant volatility and underperformance compared to its sector. The stock is trading below all major moving averages and has declined 23.81% over the past year, contrasting with the Sensex's gains during the same period.
Cello World, a midcap player in the FMCG sector, has experienced significant volatility today, reaching a new 52-week low of Rs 647.15. This decline marks a notable downturn for the stock, which has underperformed its sector by 2.86% during the trading session. The stock's intraday low of Rs 647.15 reflects a decrease of 2.59% from the previous close.

In terms of moving averages, Cello World is currently 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 decline of 23.81%, contrasting sharply with the Sensex, which has gained 7.74% in the same period.

These performance indicators highlight the challenges Cello World faces in the current market environment, as it navigates through a period of significant price pressure and overall underperformance relative to broader market trends.
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