Olectra Greentech Hits 52-Week Low Amid Ongoing Market Struggles

Feb 12 2025 10:06 AM IST
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Olectra Greentech has reached a new 52-week low amid significant volatility, underperforming its sector and experiencing a notable decline over the past week. The stock has consistently traded below key moving averages and has faced a substantial year-over-year performance drop, contrasting with broader market gains.
Olectra Greentech, a midcap player in the auto-trucks industry, has experienced significant volatility today, marking a new 52-week low of Rs. 1222.65. This decline comes as the stock has underperformed its sector by 4.1%, continuing a downward trend that has seen it lose 10.85% over the past five days.

The stock's performance has been notably weak, with today's intraday low reaching Rs. 1222.65, reflecting a decrease of 5.23%. Additionally, Olectra Greentech is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend.

Over the past year, Olectra Greentech has faced challenges, with a performance decline of 37.33%, contrasting sharply with the Sensex, which has gained 6.17% during the same period. These metrics highlight the ongoing struggles of Olectra Greentech in a competitive market landscape.
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