Fedders Holding Faces Sustained Stock Decline Amid Broader Market Trends

Fedders Holding, a small-cap entity in the finance and non-banking financial company (NBFC) sector, has faced significant challenges in its stock performance. On January 13, 2025, the stock experienced a decline of 7.01%, marking the sixth consecutive day of downward movement, which has resulted in an overall decrease of 11.65% during this period.
Initially, the stock opened with a gain of 2.8% and reached an intraday high of Rs 72.99, but it quickly reversed direction, ultimately hitting a low of Rs 66.11, reflecting a decrease of 6.89%. In relative terms, Fedders Holding underperformed its sector by 4.29% on the same day.

Over the past month, the stock has shown a disappointing performance, declining by 11.77%, in contrast to a 6.52% drop in the Sensex. Furthermore, Fedders Holding is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend in its stock price.