Minaxi Textiles Hits New 52-Week Low at Rs. 1.43

Minaxi Textiles, a microcap player in the Garments & Apparels industry, has reached a new 52-week low of Rs. 1.43 today, marking a significant downturn in its stock performance. This decline comes after a brief period of gains, as the stock has underperformed its sector by 18.41%.
The company's recent performance metrics reveal a troubling trend, with Minaxi Textiles trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has seen a substantial decline of 33.80%, contrasting sharply with the Sensex's positive performance of 3.65% during the same period.

Financially, Minaxi Textiles is grappling with high debt levels, reflected in a Debt-Equity Ratio of 6.16 times and a Debt to EBITDA ratio of 13.43 times, indicating challenges in servicing its obligations. The company's Return on Capital Employed (ROCE) stands at a negative 27.5, further highlighting its weak long-term fundamental strength.

As the broader market, represented by the Nifty, closed at 25,509.70, the small-cap segment continues to face downward pressure, with the Nifty Small Cap 100 index down by 1.39%.