Khadim India Hits New 52-Week Low at Rs. 214.95

Khadim India, a microcap player in the footwear industry, has reached a new 52-week low of Rs. 214.95 today, marking a significant downturn for the stock. This decline comes as the company has faced a challenging year, with a staggering 41.95% drop in its stock price over the past year, contrasting sharply with the Sensex's positive performance of 9.21% during the same period.
Today's trading session saw Khadim India underperforming its sector by 3.41%, continuing a trend of consecutive losses over the last three days, during which the stock has fallen by 5.74%. Despite opening with a gain of 4.7% and reaching an intraday high of Rs. 234.8, the stock ultimately succumbed to selling pressure, hitting its day's low at Rs. 214.95.

The stock's volatility was notable, with an intraday fluctuation of 7.29%. Additionally, Khadim India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prolonged period of underperformance. The company's financial health has raised concerns, with a high Debt to EBITDA ratio and declining net sales, further contributing to its current market position.