Patels Airtemp Hits New 52-Week Low at Rs. 301.1 Amid Decline

Patels Airtemp (India) has reached a significant milestone by hitting a new 52-week low of Rs. 301.1 today, marking a decline of 4.17% from its previous trading session. This microcap company in the industrial manufacturing sector has faced considerable challenges, reflected in its performance metrics. Over the past year, Patels Airtemp has seen a staggering decline of 59.17%, contrasting sharply with the Sensex's positive growth of 5.78% during the same period.
The company's recent quarterly results indicate a notable drop in key financial figures, with net sales falling by 27.25% to Rs. 82.57 crore, and profit before tax decreasing by 44.90% to Rs. 3.51 crore. Additionally, profit after tax has also seen a significant decline of 44.7%.

Patels Airtemp is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. As the broader market, represented by the Nifty, closed at 25,936.20, Patels Airtemp's performance continues to lag behind, highlighting the challenges it faces in the current economic landscape.