Chordia Food Products Hits New 52-Week Low Amid Sustained Decline

Chordia Food Products, a microcap player in the fast-moving consumer goods (FMCG) sector, has recently reached a new 52-week low, with its stock price hitting Rs. 77.6 on December 26, 2024. This decline marks a significant downturn for the company, which has underperformed the sector by 9.18% today alone. The stock has faced consecutive losses over the past two days, resulting in a total decline of 9.87%. Opening the trading day with a gap down of 9.24%, Chordia Food Products has struggled to regain momentum, trading consistently at the day's low of Rs. 77.6. In terms of moving averages, the stock is currently positioned below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a prolonged period of underperformance. Over the past year, Chordia Food Products has seen a decline of 26.04%, contrasting sharply with the Sensex, which has gained 10.49% during the same timeframe. This performance highlights the challenges faced by the company in a competitive market landscape.