Lotus Chocolate Company Hits Day Low at Rs 975 Amid Price Pressure

Lotus Chocolate Company has experienced significant downward movement today, with the stock declining by 12.67%. The company, operating within the FMCG sector, has faced a challenging trading session, marked by a notable intraday low of Rs 975, reflecting a decrease of 17.33% at its lowest point. This decline comes after the stock opened with an 8% loss, contributing to a consecutive fall over the past two days, during which it has recorded a total drop of 13.76%.
In terms of performance metrics, Lotus Chocolate Company has underperformed compared to the broader market, with a 1-day performance of -12.84% against the Sensex's modest gain of 0.27%. Over the past week, the stock has seen a decline of 16.53%, while its performance over the last month shows a decrease of 13.71%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite the volatility, the broader market, represented by the Sensex, remains positive, trading close to its 52-week high and showing gains over the past three weeks.