Damodar Industries Hits 52-Week Low Amid Broader Textile Sector Struggles

Jan 13 2025 01:35 PM IST
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Damodar Industries, a microcap in the textile sector, has hit a new 52-week low, with its stock price declining significantly. The company has underperformed its sector and recorded a notable drop over the past year, contrasting with the overall market's positive performance.
Damodar Industries, a microcap player in the textile sector, has reached a new 52-week low, with its stock price falling to Rs. 38.25 on January 13, 2025. This decline is part of a broader trend, as the stock has underperformed its sector by 0.29% today and has seen a total drop of 4.59% over the past three days.

Today's trading session recorded an intraday low of Rs. 38.25, marking an 8.16% decrease. The stock is currently positioned below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend. In the context of the broader textile sector, which has also faced difficulties with a 3.18% decline, Damodar Industries has experienced a substantial 33.48% decrease in stock value over the past year, contrasting sharply with the Sensex's gain of 5.58% during the same timeframe.
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