Integrated Proteins Ltd Hits New 52-Week Low, Down 55.94% Over 12 Consecutive Days

Integrated Proteins Ltd, a microcap player in the edible oil industry, is currently witnessing significant buying activity despite its recent performance challenges. The stock has been on a downward trend, experiencing a consecutive fall for the last 12 days, resulting in a substantial decline of 55.94% during this period. Today, Integrated Proteins opened with a gap down of 4.96%, reaching an intraday low of Rs 20.71, which marks a new 52-week low.
In terms of performance relative to the Sensex, Integrated Proteins has underperformed across various time frames. Over the past day, it declined by 4.96%, while the Sensex saw a modest gain of 0.22%. The one-week performance shows a significant drop of 18.43% for Integrated Proteins compared to a 2.12% increase in the Sensex. Year-to-date, the stock is down 72.46%, contrasting sharply with the Sensex's 4.90% gain.

The buying pressure may be attributed to market dynamics within the sector, as the solvent extraction segment has gained 4.15%. However, Integrated Proteins continues to trade below its moving averages, indicating ongoing challenges in its market position.