Elgi Equipments Hits 52-Week Low Amidst Ongoing Market Challenges

Jan 15 2025 11:35 AM IST
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Elgi Equipments has reached a new 52-week low, with its stock price declining significantly. The company has underperformed its sector and is trading below multiple moving averages, indicating a bearish trend. Over the past year, its performance has decreased, contrasting with broader market gains.
Elgi Equipments has experienced significant activity today, reaching a new 52-week low with its stock price hitting Rs. 522.5. This decline represents a notable downturn for the company, which has underperformed its sector by 1.76%. The stock's intraday low of Rs. 522.5 reflects a decrease of 2.12%.

In terms of technical indicators, Elgi Equipments is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a prevailing bearish trend. Over the past year, the company's performance has declined by 3.33%, contrasting with the Sensex's gain of 4.63%. These metrics highlight the challenges Elgi Equipments is currently facing in the market.
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