Nicco Parks & Resorts Stock Plummets to New 52-Week Low at Rs. 83.65

Nicco Parks & Resorts has reached a new 52-week low, hitting Rs. 83.65 today, marking a significant decline in its stock performance. This drop comes as the company has faced a challenging period, with its stock underperforming the sector by 1% and experiencing a consecutive fall over the last two days, resulting in an overall decline of 8.94%.
The stock's intraday low of Rs. 83.65 reflects a decrease of 2.83% for the day. In terms of moving averages, Nicco Parks is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend.

Over the past year, the stock has generated a return of -36.19%, contrasting sharply with the Sensex's performance of 8.55%. The company has reported a notable decline in net sales of 16.49% and a significant drop in profit after tax, which fell by 95.6% in the latest quarter. Despite these challenges, Nicco Parks maintains a low debt-to-equity ratio and has demonstrated high management efficiency with a return on equity of 20.5%.