Gillette India Experiences Revision in Stock Evaluation Amid Recent Performance Decline

Dec 23 2024 09:35 AM IST
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Gillette India Ltd. has undergone a revision in its score following a recent decline in stock performance. The company has been added to MarketsMojo's list, reflecting ongoing challenges in the fast-moving consumer goods sector. Investors are closely monitoring the stock's ability to recover from its recent losses.
**Gillette India Reports Decline in Stock Performance**

On December 23, 2024, Gillette India Ltd. faced a notable decline in its stock performance, with a decrease of -3.62%, which positioned it behind its sector by -4.14%. This downturn marks the fourth consecutive day of losses for the company, accumulating a total drop of -6.81% during this period. The stock hit an intraday low of Rs 9054.65, reflecting a decrease of -3.77% at its lowest point during the trading session.

In terms of technical indicators, Gillette India's stock is currently situated above the 100-day and 200-day moving averages, yet it remains below the 5-day, 20-day, and 50-day moving averages. Over the past month, the stock has experienced a decline of -2.62%, while the broader Sensex has decreased by -0.59%.

In light of these developments, there has been an adjustment in evaluation for Gillette India, which has recently been added to MarketsMOJO's list. This revision in its score reflects the ongoing scrutiny of the company's performance metrics and market position. Investors and market analysts will be closely monitoring how Gillette India addresses these recent challenges within the fast-moving consumer goods (FMCG) sector.
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