Palred Technologies Hits New 52-Week Low Amid Significant Market Decline

Dec 30 2024 09:35 AM IST
share
Share Via
Palred Technologies has recently undergone a revision in its score, reflecting ongoing challenges in the market. The stock has reached a new 52-week low and has underperformed its sector significantly. Despite these difficulties, Palred Technologies has been added to MarketsMojo's list, indicating potential interest from analysts.
Palred Technologies, a microcap player in the IT software industry, has recently reached a new 52-week low, with shares trading at Rs. 81.2 as of December 30, 2024. This decline marks a significant downturn for the company, which has seen its stock price fall by 56.56% over the past year, contrasting sharply with the Sensex's positive performance of 8.73% during the same period.

Today's trading session saw Palred Technologies underperforming its sector by 4.02%, continuing a troubling trend with three consecutive days of losses, amounting to an 8.36% decline. The stock opened with a gap down of 4.91%, reaching an intraday low of Rs. 81.2.

Additionally, the company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trajectory. As Palred Technologies navigates these challenging market conditions, its performance metrics reflect a significant struggle within the competitive landscape of the IT software sector.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News