Jai Corp Hits 52-Week Low Amid Sustained Decline in Textile Sector Performance

Jan 17 2025 10:05 AM IST
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Jai Corp, a small-cap textile company, has hit a new 52-week low, with its stock price declining significantly over the past week and year. The company has underperformed its sector and is trading below multiple moving averages, highlighting ongoing challenges in its market performance.
Jai Corp, a small-cap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 151.1 on January 17, 2025. This decline signifies a significant downturn for the company, which has underperformed its sector by 2.4% today. Over the past week, Jai Corp has faced a consecutive decline, totaling 25.24%.

The stock's performance over the past year has been particularly disappointing, showing a decrease of 58.42%, in stark contrast to the Sensex's gain of 7.21% during the same timeframe. Currently, Jai Corp is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The stock reached an intraday low of Rs. 151.1, reflecting a drop of 3.2% for the day. As the company navigates these challenges, its stock performance continues to draw attention in the market.
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