Gillette India Faces Continued Stock Decline Amid Broader FMCG Sector Challenges

Gillette India Ltd. has experienced a notable decline today, with its stock price dropping by 3.02%. The company has underperformed the FMCG sector, lagging behind by 1.31%. This marks the third consecutive day of losses for Gillette India, which has seen a total decline of 4.24% over this period. The stock opened significantly lower, with an initial drop of 4.27%, and reached an intraday low of Rs 7551.05, reflecting a decrease of 5.03%.
In terms of moving averages, Gillette India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past week, the stock has declined by 4.10%, while its performance over the last month shows a decrease of 2.24%. However, on a yearly basis, Gillette India has managed to achieve a growth of 16.25%, contrasting with the Sensex, which has seen a decline of 2.33% over the same period. Despite the recent downturn, the company has shown resilience with a 48.07% increase over the past three years.