Kanco Tea & Industries Hits New 52-Week Low at Rs. 56.45

Kanco Tea & Industries has reached a new 52-week low, hitting Rs. 56.45 today, marking a significant decline in its stock performance. This drop comes as the company has underperformed its sector by 4.98% and has seen a consecutive fall over the past two days, with a total decline of 5.13% during this period. The stock also touched an intraday low of Rs. 56.45, reflecting a decrease of 6.01% at one point. In terms of moving averages, Kanco Tea is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has experienced a notable decline of 36.81%, contrasting sharply with the Sensex's performance of 3.65% during the same timeframe. The broader market context shows that the Nifty index closed at 25,509.70, down 0.34%, with all market cap segments, particularly small caps, facing declines. Kanco Tea's performance reflects ongoing challenges within the microcap segment of the FMCG industry.