Kohinoor Foods Stock Plummets to New 52-Week Low at Rs. 28.86

Kohinoor Foods has reached a new 52-week low, hitting Rs. 28.86 today, marking a significant downturn for the microcap company in the Other Agricultural Products sector. This decline comes after a brief period of gains, as the stock has fallen following two consecutive days of increases. Today, Kohinoor Foods underperformed its sector by 8.33%, reflecting broader market trends.
The stock opened with a loss of 2.07% and experienced high volatility throughout the trading session, with an intraday volatility of 11.81%. It touched a day's high of Rs. 33.42, but ultimately closed lower, indicating a challenging trading environment. Kohinoor Foods is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.

In contrast, the Rice & Rice Processing sector has seen a gain of 4.56%, highlighting the relative struggles of Kohinoor Foods. Over the past year, the stock has declined by 24.38%, significantly underperforming against the Sensex, which has gained 8.55% during the same period.