Damodar Industries Faces Persistent Downward Trend Amid High Market Volatility

Mar 03 2025 10:35 AM IST
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Damodar Industries, a microcap textile firm, faced significant volatility, hitting a 52-week low of Rs. 29 after an initial gain. The stock has declined consecutively over four days, with a yearly drop of over 50%. It is trading below key moving averages, indicating a persistent downward trend.
Damodar Industries, a microcap player in the textile industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 29. The stock opened with a notable gain of 9%, peaking at an intraday high of Rs. 32.81, but ultimately closed lower, underperforming its sector by 1.66%. Over the past four days, Damodar Industries has seen a consecutive decline, with returns plummeting by 16.79%.

The stock's performance over the past year has been challenging, with a decline of 50.13%, starkly contrasting with the Sensex, which has only dipped by 1.09% during the same period. Additionally, Damodar Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Today's trading session also showcased high volatility, with an intraday volatility rate of 11.64%, reflecting the stock's fluctuating nature in the market.
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