Patels Airtemp Hits New 52-Week Low at Rs. 237 Amid Decline
Patels Airtemp (India) has reached a new 52-week low of Rs. 237, reflecting a significant decline in its stock performance. The company has underperformed its sector and experienced a total decline of 20.08% over the past three days, amidst broader market volatility.
Patels Airtemp (India) has reached a new 52-week low, hitting Rs. 237 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 5.56%. Over the past three days, Patels Airtemp has seen a consecutive fall, resulting in a total decline of 20.08%.Today's trading session was marked by high volatility, with the stock experiencing an intraday low of Rs. 237, down 9.18%, and a high of Rs. 267, reflecting a modest increase of 2.32%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.
In the broader market context, the Sensex experienced a sharp reversal after a positive opening, currently trading at 83,177.32, down 0.43%. Despite the overall market dynamics, Patels Airtemp's performance has been notably poor, with a one-year decline of 66.04%, contrasting sharply with the Sensex's gain of 4.66% during the same period.
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