Kanoria Chemicals Hits 52-Week Low Amid Broader Sector Challenges

Feb 12 2025 10:06 AM IST
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Kanoria Chemicals & Industries has faced notable volatility, reaching a new 52-week low and experiencing a consecutive decline over three days. The stock is trading below key moving averages, reflecting a bearish trend, while the broader chemicals sector has also encountered challenges, contributing to the company's underperformance.
Kanoria Chemicals & Industries has experienced significant volatility today, reaching a new 52-week low of Rs. 94. This marks a notable decline, as the stock has underperformed its sector by 2.6%. Over the past three days, Kanoria Chemicals has seen a consecutive fall, with a total decline of 9.65% during this period. Today's trading session saw the stock hit an intraday low of Rs. 94, reflecting a decrease of 4.91%.

In terms of technical indicators, Kanoria Chemicals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The broader chemicals sector has also faced challenges, with a decline of 2.43%. Over the past year, Kanoria Chemicals & Industries has reported a performance drop of 23.20%, contrasting sharply with the Sensex, which has gained 6.18% during the same timeframe. This performance highlights the ongoing challenges faced by the company within the competitive chemicals industry.
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