Grindwell Norton Reaches 52-Week Low Amidst Ongoing Market Challenges
Grindwell Norton, a midcap player in the abrasives industry, has reached a new 52-week low, with its stock price at Rs. 1780. The company has underperformed its sector and experienced a significant decline over the past year, trading below multiple moving averages amid ongoing market challenges.
Grindwell Norton, a midcap player in the abrasives industry, has hit a new 52-week low, with its stock price reaching Rs. 1780 on January 22, 2025. This decline signifies a notable downturn for the company, which has underperformed its sector by 2% today. Over the last two days, the stock has seen a cumulative drop of 3.16%.The company's performance over the past year has been particularly weak, with a decrease of 21.18%, in stark contrast to the Sensex's gain of 6.64% during the same timeframe. Additionally, Grindwell Norton is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend in its stock performance. The intraday low of Rs. 1780 reflects the ongoing challenges faced by the company in the current market environment.
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