Khaitan Chemicals Faces Persistent Decline Amidst Sales Growth and Profit Drop

Khaitan Chemicals & Fertilizers has experienced significant volatility in today's trading session, reaching a new 52-week low of Rs. 46.07. This marks a notable decline, as the stock has underperformed its sector by 2.99% and has seen a consecutive drop over the past three days, totaling a decline of 10.93%. The stock's intraday high was recorded at Rs. 48.74, reflecting a modest increase of 2.55% at one point during the day.
In terms of moving averages, Khaitan Chemicals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past year, the stock has faced a substantial decline of 28.01%, contrasting sharply with the Sensex's performance, which has risen by 6.32% during the same period.

Despite a reported growth in net sales of 56.02% for the December quarter, the company has struggled with a significant drop in profits, down 75% year-over-year. This consistent underperformance against benchmarks over the last three years raises concerns about the company's long-term growth prospects.