Lime Chemicals Hits 52-Week Low Amidst Ongoing Downward Trend and Sector Resilience

Feb 24 2025 10:40 AM IST
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Lime Chemicals has reached a new 52-week low, continuing a downward trend with a 6.9% decline over three days. Despite this, the company outperformed its sector today. Over the past year, the stock has fallen 39.30%, contrasting with the Sensex's modest gain. Technical indicators suggest a bearish trend.
Lime Chemicals, a microcap player in the chemicals industry, has experienced significant activity today, reaching a new 52-week low of Rs. 18.55. This decline marks a continued downward trend, as the stock has fallen for three consecutive days, resulting in a total decrease of 6.9% during this period.

Despite this downturn, Lime Chemicals managed to outperform its sector by 1.13% today, indicating some resilience amidst broader challenges. However, the stock's performance over the past year has been notably poor, with a decline of 39.30%, contrasting sharply with the Sensex, which has seen a modest gain of 1.92% in the same timeframe.

In terms of technical indicators, Lime Chemicals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Investors and market watchers will be keen to monitor any developments that could impact the company's performance in the coming days.
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