Mysore Petro Chemicals Hits 52-Week Low Amid Ongoing Market Challenges
Mysore Petro Chemicals has reached a new 52-week low, with its stock price at Rs. 140. The microcap company has underperformed its sector and recorded a 21.01% decline over the past year, contrasting with the Sensex's positive return. The stock is currently below multiple moving averages, indicating a bearish trend.
Mysore Petro Chemicals has reached a new 52-week low, with its stock price hitting Rs. 140 on January 16, 2025. This decline represents a significant downturn for the microcap company, which has underperformed its sector by 3.82% today. Over the past two days, the stock has seen a total decline of 4.95%, with intraday trading reflecting a decrease of 5.37%.Currently, Mysore Petro Chemicals is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its performance. Over the past year, the stock has recorded a decline of 21.01%, contrasting sharply with the Sensex, which has posted a positive return of 5.20% during the same timeframe. The ongoing challenges in its market position are evident as the company navigates these significant performance hurdles.
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