Olectra Greentech Hits 52-Week Low Amid Broader Market Gains and Volatility

Jan 13 2025 09:36 AM IST
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Olectra Greentech's stock has hit a new 52-week low, experiencing a notable decline over four consecutive days. The company is trading below multiple moving averages, indicating a bearish trend, and has seen a significant year-over-year decrease, contrasting with the overall market performance.
Olectra Greentech has experienced significant volatility, reaching a new 52-week low of Rs. 1322.05 on January 13, 2025. This marks a notable downturn for the company, with the stock declining consecutively for four days, resulting in an overall decrease of 6.73%. Despite this downward trend, Olectra Greentech's performance slightly outperformed its sector by 0.44% on the same day.

The stock recorded an intraday low of Rs. 1322.05, reflecting a decrease of 2.28% from the previous close. An analysis of moving averages indicates that Olectra Greentech is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a prevailing bearish trend. Over the past year, the company's stock has declined by 20.82%, contrasting sharply with the Sensex, which has gained 5.86% during the same period.
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