Flex Foods Hits 52-Week Low Amid Sustained Stock Performance Decline

Flex Foods, a microcap player in the FMCG sector, has reached a new 52-week low, with its stock price falling to Rs. 61.2 on January 13, 2025. This decline represents a significant downturn for the company, which has underperformed its sector by 1.43% today. Over the past four days, Flex Foods has seen a cumulative decline of 8.81%. Despite an initial gain of 2.69% at the start of the day, the stock faced selling pressure, peaking at Rs. 64.8 before dropping to its intraday low. The company's performance over the past year has been particularly challenging, with a notable decline of 39.42%, in stark contrast to the Sensex's gain of 5.89% during the same timeframe. Furthermore, Flex Foods is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend in its stock performance.