Mihika Industries Stock Plummets to New 52-Week Low at Rs. 14.9

Mihika Industries, a microcap player in the Trading & Distributors sector, has reached a significant milestone by hitting a new 52-week low of Rs. 14.9 on October 13, 2025. This decline marks a notable downturn for the stock, which has underperformed its sector by 0.33% today. Following three consecutive days of gains, the stock has reversed its trend, indicating a shift in market sentiment.
In terms of performance metrics, Mihika Industries has experienced a substantial decline of 35.80% over the past year, contrasting sharply with the Sensex, which has gained 1.00% during the same period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a challenging market position.

Despite reporting positive results for the last four consecutive quarters and achieving net sales of Rs. 29.43 crore in the latest six months, the company faces significant hurdles. Its operating losses and weak long-term fundamental strength raise concerns about its ability to service debt, as indicated by a negative EBIT to interest ratio. As Mihika Industries navigates these challenges, its recent price movement underscores the complexities of its current financial landscape.