Khadim India Stock Plummets to New 52-Week Low of 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 in its stock performance. This decline comes as the stock has underperformed its sector by 3.41%, continuing a downward trend with a cumulative drop of 5.74% over the past three days.
Despite opening the day with a gain of 4.7%, the stock faced volatility, hitting an intraday high of Rs. 234.8 before falling to its new low. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent struggle in maintaining upward momentum.

Khadim India's performance over the past year has been notably poor, with a decline of 41.95%, contrasting sharply with the Sensex's positive growth of 9.21% during the same period. The company has also reported weak financial metrics, including a significant drop in net sales and profitability, contributing to a challenging market position. As institutional investors reduce their stakes, the outlook for Khadim India remains cautious amidst these ongoing challenges.