National General Industries Stock Hits New 52-Week Low at Rs. 43.81

National General Industries has reached a new 52-week low, hitting Rs. 43.81 today, marking a significant decline in its market performance. The stock opened with a loss of 4.97% and has underperformed its sector by 4.47%. Over the past year, the company has seen a substantial drop of 30.88% in its stock value, contrasting sharply with the Sensex's positive performance of 8.52% during the same period.
The company's financial metrics indicate ongoing difficulties, with reported operating losses and a negative EBIT to interest ratio of -0.80, reflecting challenges in servicing its debt. Additionally, National General Industries has shown a decline in net sales, which fell by 27.13% over the last nine months. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its weak market position.

Promoter confidence appears to be waning, as they have reduced their stake in the company by 4.88% in the last quarter. This consistent underperformance against benchmarks over the past three years raises concerns about the company's long-term viability in the iron and steel products industry.