Jindal Worldwide Faces Continued Stock Decline Amid Broader Textile Sector Challenges

Jan 13 2025 02:50 PM IST
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Jindal Worldwide, a midcap textile company, experienced a significant decline on January 13, 2025, continuing a downward trend over four days. The stock underperformed compared to the textile industry and the Sensex, despite remaining above key moving averages and achieving a modest gain over the past month.
Jindal Worldwide, a midcap player in the textile industry, faced a notable decline of 6.26% on January 13, 2025, continuing a downward trend that has seen the stock lose 11.22% over the past four days. The stock opened with a gap down of 2.54% and reached an intraday low of Rs 395.65.

In the context of its sector, Jindal Worldwide underperformed against the textile industry, which fell by 3.88%, and also lagged behind the Sensex, which recorded a decline of 1.34%. Despite these recent challenges, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below the 5-day and 20-day averages. Over the past month, Jindal Worldwide has managed a modest gain of 2.36%, contrasting with the Sensex's decline of 7.05%.
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