Integrated Proteins Hits New 52-Week Low at Rs. 28.12

Integrated Proteins, a microcap company in the edible oil industry, has reached a new 52-week low of Rs. 28.12 today, marking a significant downturn in its stock performance. This decline comes as the stock has underperformed its sector by 8.72%, continuing a streak of losses over the past six days, during which it has seen a total drop of 40.17%. The stock opened with a gap down of 4.97%, reflecting a challenging market environment. Throughout the trading session, Integrated Proteins has remained at this low price, indicating a lack of upward momentum. The company's performance over the past year has been notably poor, with a decline of 34.85%, significantly outpacing the broader market's negative return of 5.85%. In terms of moving averages, Integrated Proteins is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a persistent downward trend. The broader market, represented by the Sensex, is also facing challenges, currently trading lower after opening down by 203.67 points.