Jindal Worldwide Faces Continued Decline Amid Broader Market Challenges

Mar 04 2025 09:35 AM IST
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Jindal Worldwide, a midcap textile company, has seen its shares decline for two consecutive days, totaling a 9.8% drop. Despite being above some moving averages, the stock is underperforming compared to the broader market, which is also experiencing a bearish trend.
Jindal Worldwide, a midcap player in the textile industry, has experienced a notable decline today, with shares dropping by 5.16%. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 9.8% over this period.

Opening the day with a loss of 4.99%, Jindal Worldwide reached an intraday low of Rs 74.02, reflecting a decrease of 5.84%. In terms of moving averages, the stock is currently positioned higher than its 5-day, 100-day, and 200-day moving averages, but lower than its 20-day and 50-day moving averages.

In the broader market context, the Sensex has also opened lower, down 268.60 points, and is trading at 72,786.73, which is 3.51% away from its 52-week low. The index has faced a bearish trend, trading below its 50-day moving average, and has lost 4.15% over the past three weeks.

Overall, Jindal Worldwide's recent performance reflects broader market challenges, with the stock underperforming relative to the sector and the Sensex.
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