Grindwell Norton Hits New Low Amid Sustained Bearish Market Trends in February 2025

Feb 12 2025 02:15 PM IST
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Grindwell Norton, a midcap player in the abrasives industry, has seen its stock price decline significantly, reaching a new 52-week low. The company has faced consecutive losses over four days, underperforming its sector and trading below key moving averages, indicating ongoing market challenges.
Grindwell Norton, a midcap player in the abrasives industry, has experienced significant downward movement in its stock price, losing 5.15% on February 12, 2025. This decline marks a new 52-week low, with the stock hitting Rs. 1677 during intraday trading. Over the past four days, Grindwell Norton has faced consecutive losses, totaling an 11.5% drop in returns during this period.

In terms of market performance, Grindwell Norton has underperformed its sector by 2.73%, with its one-day performance contrasting sharply against the Sensex, which only saw a decline of 0.37%. The stock's performance over the past month also reflects a challenging environment, with a decrease of 11.26%, compared to the Sensex's modest decline of 1.77%.

Additionally, Grindwell Norton is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. These metrics highlight the stock's current challenges within the market landscape.
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