Milkfood Hits 52-Week Low Amidst Ongoing Market Challenges and Sector Underperformance
Milkfood, a microcap in the FMCG sector, has hit a new 52-week low, with its stock price declining significantly. The company has underperformed compared to the broader market, experiencing a notable drop over the past year and trading below key moving averages, indicating ongoing challenges.
Milkfood, a microcap player in the FMCG sector, has reached a new 52-week low, with its stock price falling to Rs. 99.05 on January 20, 2025. This decline highlights a significant downturn for the company, which has underperformed its sector by 3.02% today. Over the last two days, Milkfood's stock has seen a consecutive decline totaling 2.5%.The company's performance over the past year has been particularly weak, with a decrease of 30.97%, in stark contrast to the Sensex's gain of 7.32% during the same timeframe. Currently, Milkfood is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The intraday low of Rs. 99.05 represents a decrease of 2.89% from the previous trading session, as the company continues to face significant challenges in the market.
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