GKB Ophthalmics Stock Hits 52-Week Low, Underperforms Sector Amidst Bearish Trend

Mar 13 2024 12:35 PM IST
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GKB Ophthalmics, a microcap company in the FMCG industry, has seen a dip in its stock price, reaching a 52-week low of Rs 79.22 on March 13, 2024. The stock is currently trading below its moving averages and has underperformed the sector by -1.95%. In the past year, it has shown a negative return of -33.69%, highlighting its underperformance compared to the Sensex. Investors should monitor the stock closely as it continues to face downward pressure.

GKB Ophthalmics, a microcap company in the FMCG industry, has recently seen a dip in its stock price. On March 13, 2024, the company's stock touched a 52-week low of Rs 79.22. This has led to a "Strong Sell" call by MarketsMOJO.

The stock is currently trading at 0.98% above its 52-week low, indicating a downward trend. In today's trading session, GKB Ophthalmics has underperformed the sector by -1.95%. This is the third consecutive day of losses for the company, with a decline of -9.08% in this period.

During the day, the stock reached an intraday high of Rs 84, which is a 2% increase from its previous close. However, it also touched an intraday low of Rs 80, showing a decline of -2.85%.

GKB Ophthalmics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.

In the past year, GKB Ophthalmics has seen a negative return of -33.69%, while the Sensex has shown a positive return of 25.28%. This further highlights the underperformance of the company's stock.

Investors should keep a close eye on GKB Ophthalmics and its performance in the coming days, as the stock continues to face downward pressure.
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